Rbi circular dtd 15.09.1993 on cdc

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Ritu Baldeva (Querist)
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15 March 2013 Dear Sir,

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.

CA Ayush Agarwal

CA Ayush Agarwal (Expert)
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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

This Circular is Not Availavle on RBI Site.

Here Nicely Explained:-

http://www.indiankanoon.org/doc/24803884/