https://www.taxtmi.com/circulars?id=3084 Reserve Bank authorises a Line of Credit from Exim Bank to PTA Bank to finance exports of goods and services eligible under India's Foreign Trade Policy to PTA member countries, with specified effective and terminal dates for opening Letters of Credit and for disbursements. Shipments must be declared on GR/SDF Forms. No agency commission is ordinarily payable, but Reserve Bank may permit commission up to a prescribed maximum for exports requiring after sales service, to be deducted from invoices and reflected in reimbursable disbursements with prior approval. AD Category I banks must inform exporters and obtain LOC details from Exim Bank. Directions issued under sections 10(4) and 11(1) FEMA. en-us Wed, 12 Dec 2007 00:00:00 +0530 Mon, 06 Oct 2008 13:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=3084 Reserve Bank authorises a Line of Credit from Exim Bank to PTA Bank to finance exports of goods and services eligible under India's Foreign Trade Policy to PTA member countries, with specified effective and terminal dates for opening Letters of Credit and for disbursements. Shipments must be declared on GR/SDF Forms. No agency commission is ordinarily payable, but Reserve Bank may permit commission up to a prescribed maximum for exports requiring after sales service, to be deducted from invoices and reflected in reimbursable disbursements with prior approval. AD Category I banks must inform exporters and obtain LOC details from Exim Bank. Directions issued under sections 10(4) and 11(1) FEMA. Circulars FEMA Wed, 12 Dec 2007 00:00:00 +0530 https://www.taxtmi.com/circulars?id=3084