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Advance payment against exports

Regulation 15 - Regulation - FEMA - Regulation 15 - 15. :- (1) Where an exporter receives advance payment (with or without interest), from a buyer / third party named in the export declaration made by the exporter, outside India, the exporter shall b .....

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nk Offered Rate (LIBOR) + 100 basis points and iii) the documents covering the shipment are routed through the authorised dealer through whom the advance payment is received; Provided that in the event of the exporter's inability to make the ship .....

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