S.22
- Document type
- Manual
- Dated
- Category
- Exchange Management Manual
Project Exports of Nepal and Bhutan
All project export proposals to Nepal and Bhutan require the clearance of the concerned authorities like the authorised dealer/Exim Bank/Working Group on Project Exports depending upon the value and other terms and conditions of the bid/tender and Reserve Banks post facto approval for payment terms. The general permission granted for opening of foreign currency bank account, temporary site office, payment of agency commission and availing of temporary overseas borrowings vide RBI notification No. FERA, 98/91-RB dated 18th November 1991 are applicable, mutatis mutandis, in respect of project exports to Nepal and Bhutan.