https://www.taxtmi.com/circulars?id=69196 RBI permits exports to the Russian Federation on consignment basis against repayment of State Credits to specified export houses subject to prior RBI approval and routing through a designated branch of a nominated bank; exporters must submit status proof and an auditor's certificate, ship goods to Customs Bonded Warehouses in Russia with insurance and ECGC cover as applicable, secure an L/C from BFEA calling for three delivery orders and two invoices, have the designated bank forward documents to BFEA and lodge a claim with RBI quoting permission, observe a maximum proceeds realisation period, and limit local expense remittances to five percent of F.O.B. value. en-us Mon, 31 May 1999 00:00:00 +0530 Fri, 20 Feb 2026 13:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=69196 RBI permits exports to the Russian Federation on consignment basis against repayment of State Credits to specified export houses subject to prior RBI approval and routing through a designated branch of a nominated bank; exporters must submit status proof and an auditor's certificate, ship goods to Customs Bonded Warehouses in Russia with insurance and ECGC cover as applicable, secure an L/C from BFEA calling for three delivery orders and two invoices, have the designated bank forward documents to BFEA and lodge a claim with RBI quoting permission, observe a maximum proceeds realisation period, and limit local expense remittances to five percent of F.O.B. value. Circulars FEMA Mon, 31 May 1999 00:00:00 +0530 https://www.taxtmi.com/circulars?id=69196