https://www.taxtmi.com/circulars?id=1927 A government-to-government line of credit finances 100% of the f.o.b. value of approved contracts for eligible goods from India, disbursed only through letters of credit issued by banks in the borrowing country and advised to the State Bank of India for reimbursement. Letters of credit must be supported by the contract, include the prescribed reimbursement clause identifying the State Bank of India, and become negotiable after operative advice. Contracts and letters of credit require governmental approval and export shipments must be declared on export forms with the specified superscription and certified by authorised dealers on receipt of payment. en-us Thu, 10 Oct 2002 00:00:00 +0530 Fri, 03 Oct 2008 15:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=1927 A government-to-government line of credit finances 100% of the f.o.b. value of approved contracts for eligible goods from India, disbursed only through letters of credit issued by banks in the borrowing country and advised to the State Bank of India for reimbursement. Letters of credit must be supported by the contract, include the prescribed reimbursement clause identifying the State Bank of India, and become negotiable after operative advice. Contracts and letters of credit require governmental approval and export shipments must be declared on export forms with the specified superscription and certified by authorised dealers on receipt of payment. Circulars FEMA Thu, 10 Oct 2002 00:00:00 +0530 https://www.taxtmi.com/circulars?id=1927