https://www.taxtmi.com/circulars?id=7683 Exim Bank's Line of Credit finances exports of capital and engineering goods, technologies, industrial manufactures and related services to the Hungarian Export Import Bank; shipments must be declared on GR/SDF forms. Agency commission is generally not payable, but Reserve Bank may permit limited commission for exports requiring after sales service subject to prior approval and payment in Hungary by invoice deduction, with the reimbursable amount to the negotiating bank calculated after commission deduction and application of the prescribed reimbursement percentage. Exporters must fund any other commission from their own resources. en-us Mon, 16 Aug 2004 00:00:00 +0530 Fri, 25 Sep 2009 11:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=7683 Exim Bank's Line of Credit finances exports of capital and engineering goods, technologies, industrial manufactures and related services to the Hungarian Export Import Bank; shipments must be declared on GR/SDF forms. Agency commission is generally not payable, but Reserve Bank may permit limited commission for exports requiring after sales service subject to prior approval and payment in Hungary by invoice deduction, with the reimbursable amount to the negotiating bank calculated after commission deduction and application of the prescribed reimbursement percentage. Exporters must fund any other commission from their own resources. Circulars FEMA Mon, 16 Aug 2004 00:00:00 +0530 https://www.taxtmi.com/circulars?id=7683