Can you please provide me circular dated 15.09.1993 of RBI, along with the guidelines issued, stated that the CDC (Container Detention Charges) belonged to the principal abroad and that the amount cannot be treated as income of the agent in India and that the agent can retain US$ 1.5 for meeting the expenses in India, on behalf of the principal.
15 March 2013
directive/ circular No.EC By Pass II.361/Misc.93.94 dt. 15.09.03 issued by Exchange Control Department of RBI notifying the remission of container rent so collected whereby it is mandatory for the agent
CAclubindia
