https://www.taxtmi.com/circulars?id=2051 A government-to-government line of credit to Sri Lanka finances eligible exports from India-capital goods, consultancy services, consumer durables and specified food items-on 100% f.o.b. basis through letters of credit opened by Sri Lankan banks and advised to State Bank of India, New Delhi, containing a prescribed reimbursement clause; contracts require bilateral approval and submission to the Ministry of Finance, and shipments must be declared on prescribed export forms. These directions are issued under Sections 10(4) and 11(1) of the Foreign Exchange Management Act. en-us Tue, 23 Dec 2003 00:00:00 +0530 Sat, 04 Oct 2008 10:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=2051 A government-to-government line of credit to Sri Lanka finances eligible exports from India-capital goods, consultancy services, consumer durables and specified food items-on 100% f.o.b. basis through letters of credit opened by Sri Lankan banks and advised to State Bank of India, New Delhi, containing a prescribed reimbursement clause; contracts require bilateral approval and submission to the Ministry of Finance, and shipments must be declared on prescribed export forms. These directions are issued under Sections 10(4) and 11(1) of the Foreign Exchange Management Act. Circulars FEMA Tue, 23 Dec 2003 00:00:00 +0530 https://www.taxtmi.com/circulars?id=2051