https://www.taxtmi.com/circulars?id=5384 Exim Bank provided a Line of Credit of USD 10.59 million to Suriname to finance eligible goods and services from India under India's Foreign Trade Policy, requiring at least 85% of contract value to be supplied from India and permitting up to 15% of non consultancy goods to be sourced abroad. The Credit Agreement (effective September 26, 2008) prescribes 48 month disbursement limits for project exports and 72 months for supply contracts. Shipments must be declared on GR/SDF forms. No agency commission is payable under the LOC, though exporters may remit commission from their own resources or EEFC balances after realisation; AD Category I banks must inform exporters and may allow remittances subject to compliance. Directions issued under FEMA. en-us Wed, 05 Nov 2008 00:00:00 +0530 Wed, 05 Nov 2008 16:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=5384 Exim Bank provided a Line of Credit of USD 10.59 million to Suriname to finance eligible goods and services from India under India's Foreign Trade Policy, requiring at least 85% of contract value to be supplied from India and permitting up to 15% of non consultancy goods to be sourced abroad. The Credit Agreement (effective September 26, 2008) prescribes 48 month disbursement limits for project exports and 72 months for supply contracts. Shipments must be declared on GR/SDF forms. No agency commission is payable under the LOC, though exporters may remit commission from their own resources or EEFC balances after realisation; AD Category I banks must inform exporters and may allow remittances subject to compliance. Directions issued under FEMA. Circulars FEMA Wed, 05 Nov 2008 00:00:00 +0530 https://www.taxtmi.com/circulars?id=5384