https://www.taxtmi.com/circulars?id=1874 Exim Bank's line of credit to BCIE finances exports of listed eligible goods and related services to specified BCIE member countries. Contracts require prior Exim Bank approval, must be in U.S. dollars meeting a minimum contract size, and may be financed up to a specified portion of the f.o.b./c.&f./c.i.f. price. Buyers must pay an advance and the balance is paid pro rata against shipments under an irrevocable letter of credit subject to UCP (1994). Negotiating banks may pay beneficiaries in rupees and are reimbursed by Exim Bank in U.S. dollars when conditions are met. en-us Wed, 27 Mar 2002 00:00:00 +0530 Fri, 03 Oct 2008 13:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=1874 Exim Bank's line of credit to BCIE finances exports of listed eligible goods and related services to specified BCIE member countries. Contracts require prior Exim Bank approval, must be in U.S. dollars meeting a minimum contract size, and may be financed up to a specified portion of the f.o.b./c.&f./c.i.f. price. Buyers must pay an advance and the balance is paid pro rata against shipments under an irrevocable letter of credit subject to UCP (1994). Negotiating banks may pay beneficiaries in rupees and are reimbursed by Exim Bank in U.S. dollars when conditions are met. Circulars FEMA Wed, 27 Mar 2002 00:00:00 +0530 https://www.taxtmi.com/circulars?id=1874