Clarification on requirement of submitting Bank certificate evidencing receipt of payment in freely convertible currency under Notification No. 45/2001-CE (NT) dated 26.06.2001 for export to Bhutan for specified Hydroelectric Projects– reg

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..... e Department of Revenue Central Board of Excise and Customs New Delhi, the 16th August, 2017 To, The Principal Chief Commissioners/ Chief Commissioners/ Principal Commissioners of Central Tax & Central Excise (All) Web-master, CBEC Madam/Sir, Sub: Clarification on requirement of submitting Bank certificate evidencing receipt of payment in freely convertible currency under Notification No. .....

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..... Agreements with Bhutan. 2. The said hydroelectric projects in Bhutan are being constructed with the aid of the Government of India as part of bilateral agreements between the Government of India and the Royal Government of Bhutan. The aid inter alia is by way of grant or loan by the Government of India and has approval of the Government of India along with facility for payment in INR for exports .....

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