https://www.taxtmi.com/circulars?id=5346 Exim Bank provided a Line of Credit of USD 20 million to Myanma Foreign Trade Bank to finance eligible goods, services and consultancy for an ACSR and galvanized iron wire plant in Myanmar; at least 85% of the contract price (excluding consultancy) must be supplied from India. The Credit Agreement is effective from September 19, 2008; LC and disbursement deadlines differ by contract type. Shipments must be declared on GR/SDF forms. No agency commission is payable under the LOC, though exporters may use their own funds or EEFC balances for commission payments subject to prevailing rules. Directions are issued under FEMA provisions. en-us Tue, 14 Oct 2008 00:00:00 +0530 Tue, 14 Oct 2008 14:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=5346 Exim Bank provided a Line of Credit of USD 20 million to Myanma Foreign Trade Bank to finance eligible goods, services and consultancy for an ACSR and galvanized iron wire plant in Myanmar; at least 85% of the contract price (excluding consultancy) must be supplied from India. The Credit Agreement is effective from September 19, 2008; LC and disbursement deadlines differ by contract type. Shipments must be declared on GR/SDF forms. No agency commission is payable under the LOC, though exporters may use their own funds or EEFC balances for commission payments subject to prevailing rules. Directions are issued under FEMA provisions. Circulars FEMA Tue, 14 Oct 2008 00:00:00 +0530 https://www.taxtmi.com/circulars?id=5346