https://www.taxtmi.com/circulars?id=4090 A Line of Credit from Exim Bank to the Nigerian Export Import Bank finances exports of eligible goods and services from India, requiring at least 85% Indian supply. The facility is time limited for opening Letters of Credit and disbursements; shipments must be declared on GR/SDF forms. Agency commission is generally disallowed but Reserve Bank may permit limited commission for exports needing after sales service subject to prior regional approval and invoice deduction; otherwise exporters may use own funds or EEFC balances. AD Category I banks must inform exporters and obtain full LOC details. Directions are issued under FEMA. en-us Wed, 23 Jan 2008 00:00:00 +0530 Wed, 01 Oct 2008 10:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4090 A Line of Credit from Exim Bank to the Nigerian Export Import Bank finances exports of eligible goods and services from India, requiring at least 85% Indian supply. The facility is time limited for opening Letters of Credit and disbursements; shipments must be declared on GR/SDF forms. Agency commission is generally disallowed but Reserve Bank may permit limited commission for exports needing after sales service subject to prior regional approval and invoice deduction; otherwise exporters may use own funds or EEFC balances. AD Category I banks must inform exporters and obtain full LOC details. Directions are issued under FEMA. Circulars FEMA Wed, 23 Jan 2008 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4090