https://www.taxtmi.com/circulars?id=5385 Exim Bank provided a Line of Credit to Lao PDR to finance Indian origin equipment, goods and consultancy services for designated projects, requiring a predominant portion of supplies to originate in India while allowing a limited portion of non consultancy goods to be sourced abroad; the LOC sets separate timeframes for Letters of Credit and disbursement for projects and supply contracts, mandates shipment declaration on GR/SDF forms, and prohibits agency commission under the LOC though exporters may use their own funds or EEFC balances for commission remittances, subject to AD Category I bank rules and FEMA directions. en-us Wed, 05 Nov 2008 00:00:00 +0530 Wed, 05 Nov 2008 16:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=5385 Exim Bank provided a Line of Credit to Lao PDR to finance Indian origin equipment, goods and consultancy services for designated projects, requiring a predominant portion of supplies to originate in India while allowing a limited portion of non consultancy goods to be sourced abroad; the LOC sets separate timeframes for Letters of Credit and disbursement for projects and supply contracts, mandates shipment declaration on GR/SDF forms, and prohibits agency commission under the LOC though exporters may use their own funds or EEFC balances for commission remittances, subject to AD Category I bank rules and FEMA directions. Circulars FEMA Wed, 05 Nov 2008 00:00:00 +0530 https://www.taxtmi.com/circulars?id=5385