Export of goods and services against repayment of State Credits granted by erstwhile Soviet Union

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..... lers in Foreign Exchange Madam/Sirs, Export of goods and services against repayment of State Credits granted by erstwhile Soviet Union Attention of all authorised dealers is drawn to A.D. (G.P.Series) Circular No.11 dated June 15, 1998, in terms of which reimbursement claims sent to Reserve Bank where the documents are negotiated within the validity of letters of credit (LCs), are honoured by t .....

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..... bove. The claims received after expiry of the stipulated period will be considered only on receipt of fresh confirmation from BFEA. 4. Notice to Exporters No.1 dated September 6, 2002 is enclosed, the contents of which may be brought to the notice of your constituents who are engaged in export trade with Russian Federation. 5. The directions contained in the circular have been issued under Secti .....

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..... cluding the days on which the Reserve Bank of India, Mumbai is closed). 2. It has now been decided in consultation with the BFEA to reduce the period for lodging the reimbursement claims from 37 working days to 27 working days from the date of expiry of LC. 3. The reimbursement claims for exports against repayment of State Credits should, therefore, be lodged through the nominated banks so as to .....

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