https://www.taxtmi.com/circulars?id=2167 Exim Bank extended a Line of Credit to the Fiji Sugar Corporation for financing eligible exports from India for modernization and capacity expansion of sugar plants. Terminal utilisation is 48 months for project exports and 72 months for other supply contracts. Shipments must be declared on GR/SDF forms. No agency commission is payable under the Line of Credit, though exporters may use own funds or EEFC balances for commission payments subject to realisation and prevailing instructions. Authorised dealer banks must notify exporter constituents; directions are issued under the Foreign Exchange Management Act. en-us Thu, 27 Apr 2006 00:00:00 +0530 Fri, 03 Oct 2008 10:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=2167 Exim Bank extended a Line of Credit to the Fiji Sugar Corporation for financing eligible exports from India for modernization and capacity expansion of sugar plants. Terminal utilisation is 48 months for project exports and 72 months for other supply contracts. Shipments must be declared on GR/SDF forms. No agency commission is payable under the Line of Credit, though exporters may use own funds or EEFC balances for commission payments subject to realisation and prevailing instructions. Authorised dealer banks must notify exporter constituents; directions are issued under the Foreign Exchange Management Act. Circulars FEMA Thu, 27 Apr 2006 00:00:00 +0530 https://www.taxtmi.com/circulars?id=2167