https://www.taxtmi.com/circulars?id=2822 A Line of Credit from Exim Bank to the Eastern African Development Bank finances eligible exports to member countries, with defined effective and terminal dates and shipment declarations required on GR/SDF forms. Agency commission is generally disallowed under the facility but may be permitted up to a prescribed ceiling for exports requiring after sales service subject to prior approval and invoice deduction, with Exim Bank reimbursing the negotiating bank on a specified basis. Otherwise exporters must fund commissions from their own resources or EEFC balances, and AD Category I banks may allow remittance after full realisation subject to prevailing rules; directions are issued under FEMA. en-us Fri, 17 Aug 2007 00:00:00 +0530 Mon, 06 Oct 2008 13:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=2822 A Line of Credit from Exim Bank to the Eastern African Development Bank finances eligible exports to member countries, with defined effective and terminal dates and shipment declarations required on GR/SDF forms. Agency commission is generally disallowed under the facility but may be permitted up to a prescribed ceiling for exports requiring after sales service subject to prior approval and invoice deduction, with Exim Bank reimbursing the negotiating bank on a specified basis. Otherwise exporters must fund commissions from their own resources or EEFC balances, and AD Category I banks may allow remittance after full realisation subject to prevailing rules; directions are issued under FEMA. Circulars FEMA Fri, 17 Aug 2007 00:00:00 +0530 https://www.taxtmi.com/circulars?id=2822