https://www.taxtmi.com/circulars?id=2065 Reserve Bank directions under FEMA authorize an Exim Bank line of credit to ABSA Bank for financing Category A and B exports and other agreed items, effective December 30, 2003, with specified terminal dates for opening letters of credit and utilisation; shipments must be declared on GR/SDF forms. Agency commission is not payable under the facility except that Reserve Bank may permit up to five percent commission for exports requiring after sales service, subject to prior approval, invoice deduction in South Africa, and adjustment of the reimbursable amount. en-us Fri, 20 Feb 2004 00:00:00 +0530 Sat, 04 Oct 2008 11:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=2065 Reserve Bank directions under FEMA authorize an Exim Bank line of credit to ABSA Bank for financing Category A and B exports and other agreed items, effective December 30, 2003, with specified terminal dates for opening letters of credit and utilisation; shipments must be declared on GR/SDF forms. Agency commission is not payable under the facility except that Reserve Bank may permit up to five percent commission for exports requiring after sales service, subject to prior approval, invoice deduction in South Africa, and adjustment of the reimbursable amount. Circulars FEMA Fri, 20 Feb 2004 00:00:00 +0530 https://www.taxtmi.com/circulars?id=2065