https://www.taxtmi.com/circulars?id=1970 A line of credit from Exim Bank to a Russian borrower finances specified Indian exports and related services to buyers in the borrower's country and requires declarations on GR/SDF forms. Letters of credit must be opened and the credit utilised within prescribed terminal dates. No agency commission is payable except, on merit, a capped commission for goods requiring after sales service, payable in the borrower's jurisdiction by deduction from the invoice and reflected in the reimbursable payment calculation. en-us Tue, 18 Feb 2003 00:00:00 +0530 Mon, 06 Oct 2008 14:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=1970 A line of credit from Exim Bank to a Russian borrower finances specified Indian exports and related services to buyers in the borrower's country and requires declarations on GR/SDF forms. Letters of credit must be opened and the credit utilised within prescribed terminal dates. No agency commission is payable except, on merit, a capped commission for goods requiring after sales service, payable in the borrower's jurisdiction by deduction from the invoice and reflected in the reimbursable payment calculation. Circulars FEMA Tue, 18 Feb 2003 00:00:00 +0530 https://www.taxtmi.com/circulars?id=1970