https://www.taxtmi.com/circulars?id=2095 Disbursements under the line of credit occur through letters of credit opened by banks in Sri Lanka and advised to the State Bank of India, New Delhi; letters must be supported by the contract, include a prescribed reimbursement clause providing that reimbursement will be made by the State Bank of India from the line of credit, and finance the full f.o.b. value of eligible goods and services subject to government approvals, prohibition of agency commission, prescribed shipment declarations, and specified signing and drawdown deadlines. en-us Tue, 20 Jul 2004 00:00:00 +0530 Sat, 04 Oct 2008 11:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=2095 Disbursements under the line of credit occur through letters of credit opened by banks in Sri Lanka and advised to the State Bank of India, New Delhi; letters must be supported by the contract, include a prescribed reimbursement clause providing that reimbursement will be made by the State Bank of India from the line of credit, and finance the full f.o.b. value of eligible goods and services subject to government approvals, prohibition of agency commission, prescribed shipment declarations, and specified signing and drawdown deadlines. Circulars FEMA Tue, 20 Jul 2004 00:00:00 +0530 https://www.taxtmi.com/circulars?id=2095