https://www.taxtmi.com/circulars?id=2193 Exim Bank extended a Line of Credit to EBID to finance exports from India to EBID member countries under the Foreign Trade Policy. The Credit Agreement is effective October 17, 2006, with utilisation periods of 48 months from project completion for project contracts and 72 months from execution for supply contracts. The LOC is available only for public sector projects; EBID must forward project proposals to the Ministry of External Affairs before Exim Bank approval. 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, subject to prevailing instructions. en-us Wed, 13 Dec 2006 00:00:00 +0530 Fri, 03 Oct 2008 11:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=2193 Exim Bank extended a Line of Credit to EBID to finance exports from India to EBID member countries under the Foreign Trade Policy. The Credit Agreement is effective October 17, 2006, with utilisation periods of 48 months from project completion for project contracts and 72 months from execution for supply contracts. The LOC is available only for public sector projects; EBID must forward project proposals to the Ministry of External Affairs before Exim Bank approval. 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, subject to prevailing instructions. Circulars FEMA Wed, 13 Dec 2006 00:00:00 +0530 https://www.taxtmi.com/circulars?id=2193