https://www.taxtmi.com/circulars?id=3020 A Line of Credit is extended by Export-Import Bank to the Government of the Republic of Senegal for an IT training project, allowing exports of eligible goods and services under the Foreign Trade Policy provided at least 85 per cent of contract value is supplied from India. The Credit Agreement is effective from September 19, 2007, with prescribed deadlines for opening Letters of Credit. 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 rules; AD Category I banks must notify exporters and facilitate compliant remittances. The circular is issued under FEMA. en-us Wed, 31 Oct 2007 00:00:00 +0530 Mon, 06 Oct 2008 13:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=3020 A Line of Credit is extended by Export-Import Bank to the Government of the Republic of Senegal for an IT training project, allowing exports of eligible goods and services under the Foreign Trade Policy provided at least 85 per cent of contract value is supplied from India. The Credit Agreement is effective from September 19, 2007, with prescribed deadlines for opening Letters of Credit. 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 rules; AD Category I banks must notify exporters and facilitate compliant remittances. The circular is issued under FEMA. Circulars FEMA Wed, 31 Oct 2007 00:00:00 +0530 https://www.taxtmi.com/circulars?id=3020