https://www.taxtmi.com/circulars?id=5453 Exim Bank's Line of Credit to Malawi finances eligible goods, services and consultancy largely from India, requiring at least 85% India sourced content and permitting up to 15% non consultancy imports. The Credit Agreement is effective from October 31, 2008, with LC opening and disbursement deadlines linked to contract type (48 months from project completion for projects; 72 months from execution for supply contracts). Shipments require GR/SDF declarations. No agency commission is payable under the LOC; exporters may use own funds or EEFC balances for commission, with AD Category I banks authorised to permit remittances after full realization, subject to prevailing rules. en-us Wed, 10 Dec 2008 00:00:00 +0530 Wed, 10 Dec 2008 17:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=5453 Exim Bank's Line of Credit to Malawi finances eligible goods, services and consultancy largely from India, requiring at least 85% India sourced content and permitting up to 15% non consultancy imports. The Credit Agreement is effective from October 31, 2008, with LC opening and disbursement deadlines linked to contract type (48 months from project completion for projects; 72 months from execution for supply contracts). Shipments require GR/SDF declarations. No agency commission is payable under the LOC; exporters may use own funds or EEFC balances for commission, with AD Category I banks authorised to permit remittances after full realization, subject to prevailing rules. Circulars FEMA Wed, 10 Dec 2008 00:00:00 +0530 https://www.taxtmi.com/circulars?id=5453