https://www.taxtmi.com/circulars?id=2116 Exim Bank extended two Lines of Credit to foreign banks to finance specified exports from India, each with stated effectiveness and deadlines for opening letters of credit and final disbursement. Shipments under the LOCs must be declared on GR/SDF Forms. Agency commission is generally not payable, though prior approval may be granted for limited commission in cases of after sales service under the Brazil LOC, payable by deduction abroad; exporters must use their own funds where commission is not authorised. Authorised Dealers must notify exporters and direct them to Exim Bank for details; the circular is issued under foreign exchange statutory directions. en-us Thu, 11 Nov 2004 00:00:00 +0530 Sat, 04 Oct 2008 12:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=2116 Exim Bank extended two Lines of Credit to foreign banks to finance specified exports from India, each with stated effectiveness and deadlines for opening letters of credit and final disbursement. Shipments under the LOCs must be declared on GR/SDF Forms. Agency commission is generally not payable, though prior approval may be granted for limited commission in cases of after sales service under the Brazil LOC, payable by deduction abroad; exporters must use their own funds where commission is not authorised. Authorised Dealers must notify exporters and direct them to Exim Bank for details; the circular is issued under foreign exchange statutory directions. Circulars FEMA Thu, 11 Nov 2004 00:00:00 +0530 https://www.taxtmi.com/circulars?id=2116