Para 19.6.3 — CAM
CAM
Original Rule Text
[Authority No: 1(13)(6)/2000/TA/338 dated 17.06.2004] 19.6.3 This is on account of the fact that the turn over commission paid by the Reserve Bank to the banks handling Government business in terms of para 26 of the Memorandum of banking instructions issued by them, is not meant to cover the charges for the work of opening irrevocable LC on behalf of Government.