https://www.taxtmi.com/circulars?id=1844 India extended a multiyear line of credit to Sri Lanka for specified imports from India. Disbursements are by letters of credit opened by Sri Lankan banks and advised to the State Bank of India, New Delhi, which will reimburse the major share of the f.o.b. value after verifying that the importer's required direct payment in U.S. dollars has been received; claims must be supported by a negotiating bank certificate and the L/C must include the prescribed reimbursement clause. en-us Thu, 28 Jun 2001 00:00:00 +0530 Fri, 03 Oct 2008 12:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=1844 India extended a multiyear line of credit to Sri Lanka for specified imports from India. Disbursements are by letters of credit opened by Sri Lankan banks and advised to the State Bank of India, New Delhi, which will reimburse the major share of the f.o.b. value after verifying that the importer's required direct payment in U.S. dollars has been received; claims must be supported by a negotiating bank certificate and the L/C must include the prescribed reimbursement clause. Circulars FEMA Thu, 28 Jun 2001 00:00:00 +0530 https://www.taxtmi.com/circulars?id=1844