https://www.taxtmi.com/circulars?id=69197 Repayment of Russian State credit in US dollars requires staged advance payments and the balance plus interest to be paid in equal annual instalments over seven years beginning the year after utilisation. Advance payments must be credited to the Russian bank's US dollar escrow account; balance repayments and interest credited to a central non repatriable US dollar account of the Bank for Foreign Economic Affairs maintained with the Reserve Bank, to be used for exports from India to Russia. Authorised dealers must remit repayments in freely convertible US dollars with Ministry authorisation and full credit arrangement details. en-us Tue, 08 Feb 2000 00:00:00 +0530 Fri, 20 Feb 2026 13:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=69197 Repayment of Russian State credit in US dollars requires staged advance payments and the balance plus interest to be paid in equal annual instalments over seven years beginning the year after utilisation. Advance payments must be credited to the Russian bank's US dollar escrow account; balance repayments and interest credited to a central non repatriable US dollar account of the Bank for Foreign Economic Affairs maintained with the Reserve Bank, to be used for exports from India to Russia. Authorised dealers must remit repayments in freely convertible US dollars with Ministry authorisation and full credit arrangement details. Circulars FEMA Tue, 08 Feb 2000 00:00:00 +0530 https://www.taxtmi.com/circulars?id=69197