https://www.taxtmi.com/circulars?id=2957 A public export finance institution made available a Line of Credit to a foreign government to finance exports of eligible goods and services, requiring at least eighty-five percent of supplies to be from India or of Indian origin. The Credit Agreement is effective from the stated date and prescribes outer time limits for opening Letters of Credit for project and supply contracts. Shipments must be declared on prescribed foreign exchange forms. No agency commission is payable under the credit, though exporters may pay commission from their own resources or EEFC balances subject to remittance rules. Directions are issued under the foreign exchange statute without prejudice to other required permissions. en-us Fri, 21 Sep 2007 00:00:00 +0530 Mon, 06 Oct 2008 13:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=2957 A public export finance institution made available a Line of Credit to a foreign government to finance exports of eligible goods and services, requiring at least eighty-five percent of supplies to be from India or of Indian origin. The Credit Agreement is effective from the stated date and prescribes outer time limits for opening Letters of Credit for project and supply contracts. Shipments must be declared on prescribed foreign exchange forms. No agency commission is payable under the credit, though exporters may pay commission from their own resources or EEFC balances subject to remittance rules. Directions are issued under the foreign exchange statute without prejudice to other required permissions. Circulars FEMA Fri, 21 Sep 2007 00:00:00 +0530 https://www.taxtmi.com/circulars?id=2957