https://www.taxtmi.com/circulars?id=2201 Exim Bank provided a Line of Credit to Guyana to finance an Indian company's traffic signalling project; the LOC funds exports of goods and services eligible under India's Foreign Trade Policy and mandates that a substantial majority finance purchase of Eligible Indian Goods. The credit has specified terminal dates for opening Letters of Credit and for final disbursements. Shipments must be declared on GR/SDF forms. No agency commission is payable under the LOC, though exporters may pay commission from their own resources or EEFC balances after realisation, subject to prevailing rules and AD Category - I bank compliance. en-us Mon, 15 Jan 2007 00:00:00 +0530 Wed, 01 Oct 2008 17:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=2201 Exim Bank provided a Line of Credit to Guyana to finance an Indian company's traffic signalling project; the LOC funds exports of goods and services eligible under India's Foreign Trade Policy and mandates that a substantial majority finance purchase of Eligible Indian Goods. The credit has specified terminal dates for opening Letters of Credit and for final disbursements. Shipments must be declared on GR/SDF forms. No agency commission is payable under the LOC, though exporters may pay commission from their own resources or EEFC balances after realisation, subject to prevailing rules and AD Category - I bank compliance. Circulars FEMA Mon, 15 Jan 2007 00:00:00 +0530 https://www.taxtmi.com/circulars?id=2201