FEMA – 013 – Dated:- 6-9-2002 – Export of goods and services against repayment of State Credits granted by erstwhile Soviet Union Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai – 400 001 A.P. (DIR Series) Circular No.13 September 6, 2002 To, All Authorised Dealers 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 the Bank subject to the condition that claim is received not later than
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ved 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 Section 10(4) and Section 11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999). Yours faithfully, Grace Koshie Chief General Manager Notice to Exporters No.1 of 2002 Under the Banking Arrangement dated 6th September, 1993 concluded between Reserve Bank of India(RBI) and the Bank for Foreign Economic Affairs of the USSR, Moscow (BFEA), repayment of State Credits is m
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