https://www.taxtmi.com/circulars?id=4126 Exim Bank's Line of Credit to Ethiopia finances exports for sugar projects with at least 85 per cent of contract value to be supplied from India; remaining goods (other than consultancy) may be procured abroad. The agreement sets deadlines for opening Letters of Credit and disbursements for project and supply contracts, requires GR/SDF shipment declarations, disallows agency commission under the LOC while permitting exporter-funded commission remittances after full realisation, and directs AD Category - I banks to inform exporters. Directions are issued under FEMA and do not override other legal permissions. en-us Fri, 22 Feb 2008 00:00:00 +0530 Wed, 01 Oct 2008 10:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4126 Exim Bank's Line of Credit to Ethiopia finances exports for sugar projects with at least 85 per cent of contract value to be supplied from India; remaining goods (other than consultancy) may be procured abroad. The agreement sets deadlines for opening Letters of Credit and disbursements for project and supply contracts, requires GR/SDF shipment declarations, disallows agency commission under the LOC while permitting exporter-funded commission remittances after full realisation, and directs AD Category - I banks to inform exporters. Directions are issued under FEMA and do not override other legal permissions. Circulars FEMA Fri, 22 Feb 2008 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4126