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February 2016

A. P. (DIR Series) Circular No. 39 dated January 14, 2016

By Gaurang Gandhi Chartered Accountant
Reading Time 1 mins
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Export of Goods and Services – Project Exports

This circular provides that: –

i) The ‘OCCI’ will now be known as ‘Project Export Promotion Council’ (PEPC).

ii) Civil construction contracts can include turnkey engineering contracts, process and engineering consultancy services and Project construction items (excluding steel & Cement) along with civil construction contracts.

The Memorandum of Instructions on Project and Service Exports (PEM) containing the above changes is enclosed with this circular.

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