https://www.taxtmi.com/circulars?id=1858 Exim Bank's line of credit finances Indian exports to specified Andean-region borrowers subject to Exim Bank's prior approval of contracts, U.S. dollar denomination, a contract minimum, buyer advance payment and balance under an irrevocable letter of credit. The facility finances a substantial proportion of the f.o.b./c.&f./c.i.f. value, requires pre-shipment inspection with an inspection certificate, permits negotiating banks to pay beneficiaries in Indian Rupees at spot rates against compliant documents, and provides for Exim Bank reimbursement in U.S. dollars upon prescribed communications; shipments must be declared on GR/SDF forms with specified superscription. en-us Sat, 08 Dec 2001 00:00:00 +0530 Fri, 03 Oct 2008 12:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=1858 Exim Bank's line of credit finances Indian exports to specified Andean-region borrowers subject to Exim Bank's prior approval of contracts, U.S. dollar denomination, a contract minimum, buyer advance payment and balance under an irrevocable letter of credit. The facility finances a substantial proportion of the f.o.b./c.&f./c.i.f. value, requires pre-shipment inspection with an inspection certificate, permits negotiating banks to pay beneficiaries in Indian Rupees at spot rates against compliant documents, and provides for Exim Bank reimbursement in U.S. dollars upon prescribed communications; shipments must be declared on GR/SDF forms with specified superscription. Circulars FEMA Sat, 08 Dec 2001 00:00:00 +0530 https://www.taxtmi.com/circulars?id=1858