https://www.taxtmi.com/circulars?id=2079 Exim Bank provided Lines of Credit of USD ten million each to Zambia and BGK Poland to finance eligible exports, with specified last dates for opening letters of credit and disbursements. Shipments under these LOCs must be declared on GR/SDF forms. No agency commission is normally payable, but the Reserve Bank may allow up to five per cent commission for exports requiring after sales service, payable locally by deduction and reimbursed by Exim Bank at ninety per cent of invoice value minus commission; prior approval is required. en-us Fri, 16 Apr 2004 00:00:00 +0530 Sat, 04 Oct 2008 11:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=2079 Exim Bank provided Lines of Credit of USD ten million each to Zambia and BGK Poland to finance eligible exports, with specified last dates for opening letters of credit and disbursements. Shipments under these LOCs must be declared on GR/SDF forms. No agency commission is normally payable, but the Reserve Bank may allow up to five per cent commission for exports requiring after sales service, payable locally by deduction and reimbursed by Exim Bank at ninety per cent of invoice value minus commission; prior approval is required. Circulars FEMA Fri, 16 Apr 2004 00:00:00 +0530 https://www.taxtmi.com/circulars?id=2079