https://www.taxtmi.com/circulars?id=2200 Exim Bank granted a Line of Credit to Bancoldex to finance eligible exports from India, with specified effective, LC opening and disbursement terminal dates. Shipments must be reported on GR/SDF forms. Generally no agency commission is payable, but Reserve Bank may allow up to five per cent commission for exports requiring after sales service payable in Colombia by invoice deduction; in such cases Exim Bank reimburses 90 per cent of the f.o.b./c&f/c.i.f. value net of commission. Exporters may otherwise use own funds or EEFC balances for commission and AD Category I banks must observe prevailing remittance instructions. en-us Tue, 09 Jan 2007 00:00:00 +0530 Wed, 01 Oct 2008 17:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=2200 Exim Bank granted a Line of Credit to Bancoldex to finance eligible exports from India, with specified effective, LC opening and disbursement terminal dates. Shipments must be reported on GR/SDF forms. Generally no agency commission is payable, but Reserve Bank may allow up to five per cent commission for exports requiring after sales service payable in Colombia by invoice deduction; in such cases Exim Bank reimburses 90 per cent of the f.o.b./c&f/c.i.f. value net of commission. Exporters may otherwise use own funds or EEFC balances for commission and AD Category I banks must observe prevailing remittance instructions. Circulars FEMA Tue, 09 Jan 2007 00:00:00 +0530 https://www.taxtmi.com/circulars?id=2200