https://www.taxtmi.com/circulars?id=5587 Exim Bank provided a USD 14.50 million Line of Credit to Gabon for a housing project requiring at least 65 per cent of contract value supplied from India and up to 35 per cent (excluding consultancy) procured abroad. The LOC is effective January 1, 2009; LCs and disbursements must cease 48 months after the project's scheduled completion. Shipments must be declared on GR/SDF forms. No agency commission is payable under the LOC; exporters may remit commission from their own funds or EEFC balances in free foreign exchange subject to AD Category I bank and prevailing instructions. Directions issued under FEMA sections 10(4) and 11(1). en-us Thu, 26 Feb 2009 00:00:00 +0530 Fri, 30 Oct 2009 16:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=5587 Exim Bank provided a USD 14.50 million Line of Credit to Gabon for a housing project requiring at least 65 per cent of contract value supplied from India and up to 35 per cent (excluding consultancy) procured abroad. The LOC is effective January 1, 2009; LCs and disbursements must cease 48 months after the project's scheduled completion. Shipments must be declared on GR/SDF forms. No agency commission is payable under the LOC; exporters may remit commission from their own funds or EEFC balances in free foreign exchange subject to AD Category I bank and prevailing instructions. Directions issued under FEMA sections 10(4) and 11(1). Circulars FEMA Thu, 26 Feb 2009 00:00:00 +0530 https://www.taxtmi.com/circulars?id=5587