https://www.taxtmi.com/circulars?id=2172 Exim Bank's Line of Credit to Mali and Senegal finances exports of equipment, goods and services from India for acquisition of railway coaches and locomotives eligible under the Foreign Trade Policy. Utilisation conditions include terminal dates for opening Letters of Credit and disbursement (48 months from scheduled completion for project exports; 72 months from Credit Agreement execution for other supplies), mandatory GR/SDF shipment declarations, prohibition on agency commission under the LOC (with limited remittance options from exporter resources or EEFC balances), and compliance and notification obligations for Authorised Dealer banks under FEMA. en-us Thu, 15 Jun 2006 00:00:00 +0530 Fri, 03 Oct 2008 10:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=2172 Exim Bank's Line of Credit to Mali and Senegal finances exports of equipment, goods and services from India for acquisition of railway coaches and locomotives eligible under the Foreign Trade Policy. Utilisation conditions include terminal dates for opening Letters of Credit and disbursement (48 months from scheduled completion for project exports; 72 months from Credit Agreement execution for other supplies), mandatory GR/SDF shipment declarations, prohibition on agency commission under the LOC (with limited remittance options from exporter resources or EEFC balances), and compliance and notification obligations for Authorised Dealer banks under FEMA. Circulars FEMA Thu, 15 Jun 2006 00:00:00 +0530 https://www.taxtmi.com/circulars?id=2172