https://www.taxtmi.com/circulars?id=2129 A short-term Line of Credit by Exim Bank to PTA Bank finances exports of raw materials, commodities, goods and services to PTA member countries for tenors up to 180 days under an aggregate cap; the agreement became effective April 1, 2005, with specified last dates for opening letters of credit and for disbursement. Shipments must be declared on GR/SDF Forms, agency commission is ordinarily not payable (exporters may use own funds if needed), and Authorised Dealer Banks must notify exporters. The direction is issued under FEMA without prejudice to other statutory permissions. en-us Sat, 30 Apr 2005 00:00:00 +0530 Fri, 03 Oct 2008 11:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=2129 A short-term Line of Credit by Exim Bank to PTA Bank finances exports of raw materials, commodities, goods and services to PTA member countries for tenors up to 180 days under an aggregate cap; the agreement became effective April 1, 2005, with specified last dates for opening letters of credit and for disbursement. Shipments must be declared on GR/SDF Forms, agency commission is ordinarily not payable (exporters may use own funds if needed), and Authorised Dealer Banks must notify exporters. The direction is issued under FEMA without prejudice to other statutory permissions. Circulars FEMA Sat, 30 Apr 2005 00:00:00 +0530 https://www.taxtmi.com/circulars?id=2129