https://www.taxtmi.com/circulars?id=5382 The Exim Bank facility provides a Line of Credit to Afreximbank to finance eligible Indian exports under the Foreign Trade Policy, with prescribed time limits for opening letters of credit and disbursement. Shipments must be declared on GR/SDF forms. Conditional rules for payment of agency commission are specified, including prior approval, deduction from invoices, and impact on reimbursable amounts to negotiating banks. AD Category-I banks must notify exporters and facilitate remittances in compliance with prevailing instructions. Directions are issued under FEMA and remain subject to other legal permissions. en-us Wed, 05 Nov 2008 00:00:00 +0530 Wed, 05 Nov 2008 16:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=5382 The Exim Bank facility provides a Line of Credit to Afreximbank to finance eligible Indian exports under the Foreign Trade Policy, with prescribed time limits for opening letters of credit and disbursement. Shipments must be declared on GR/SDF forms. Conditional rules for payment of agency commission are specified, including prior approval, deduction from invoices, and impact on reimbursable amounts to negotiating banks. AD Category-I banks must notify exporters and facilitate remittances in compliance with prevailing instructions. Directions are issued under FEMA and remain subject to other legal permissions. Circulars FEMA Wed, 05 Nov 2008 00:00:00 +0530 https://www.taxtmi.com/circulars?id=5382