https://www.taxtmi.com/circulars?id=5891 Exim Bank's Line of Credit for the Mozambique IT Park requires the bulk of contract value to be supplied from India while permitting limited non-consultancy procurement abroad; it prescribes specific cut-off periods for opening Letters of Credit and disbursement, mandates declaration of shipments on GR/SDF forms, disallows agency commission under the LOC except from exporter resources or EEFC balances in free foreign exchange subject to realisation and prevailing remittance rules, and directs AD Category-I banks to inform exporters and allow compliant remittances, with Directions issued under FEMA. en-us Fri, 08 May 2009 00:00:00 +0530 Fri, 30 Oct 2009 16:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=5891 Exim Bank's Line of Credit for the Mozambique IT Park requires the bulk of contract value to be supplied from India while permitting limited non-consultancy procurement abroad; it prescribes specific cut-off periods for opening Letters of Credit and disbursement, mandates declaration of shipments on GR/SDF forms, disallows agency commission under the LOC except from exporter resources or EEFC balances in free foreign exchange subject to realisation and prevailing remittance rules, and directs AD Category-I banks to inform exporters and allow compliant remittances, with Directions issued under FEMA. Circulars FEMA Fri, 08 May 2009 00:00:00 +0530 https://www.taxtmi.com/circulars?id=5891