https://www.taxtmi.com/circulars?id=2192 Exim Bank extended a Line of Credit to Myanma Foreign Trade Bank to finance exports for renovation of the Thanlyin Refinery; the agreement is effective from October 23, 2006, with utilisation periods set at 48 months after project completion for project exports and until August 16, 2012 for supply contracts. Shipments must be declared on GR/SDF forms. No agency commission is payable under the LOC, though exporters may use own funds or EEFC balances for commission after realisation; AD Category I banks must notify exporters and facilitate compliance under regulatory directions. en-us Wed, 06 Dec 2006 00:00:00 +0530 Fri, 03 Oct 2008 11:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=2192 Exim Bank extended a Line of Credit to Myanma Foreign Trade Bank to finance exports for renovation of the Thanlyin Refinery; the agreement is effective from October 23, 2006, with utilisation periods set at 48 months after project completion for project exports and until August 16, 2012 for supply contracts. Shipments must be declared on GR/SDF forms. No agency commission is payable under the LOC, though exporters may use own funds or EEFC balances for commission after realisation; AD Category I banks must notify exporters and facilitate compliance under regulatory directions. Circulars FEMA Wed, 06 Dec 2006 00:00:00 +0530 https://www.taxtmi.com/circulars?id=2192