https://www.taxtmi.com/circulars?id=6390 Exim Bank's LOC finances goods and consultancy services from India for an upgrade project, requiring at least 85 percent of contract value to be supplied from India with up to 15 percent non consultancy inputs procurable abroad, prescribes differing last dates for opening LCs and disbursements depending on contract type, mandates GR/SDF shipment declarations, disallows agency commission under the LOC while permitting exporter funded commission remittances under prevailing rules, and is issued by the Reserve Bank under FEMA without prejudice to other legal permissions. en-us Thu, 02 Jul 2009 00:00:00 +0530 Fri, 30 Oct 2009 16:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=6390 Exim Bank's LOC finances goods and consultancy services from India for an upgrade project, requiring at least 85 percent of contract value to be supplied from India with up to 15 percent non consultancy inputs procurable abroad, prescribes differing last dates for opening LCs and disbursements depending on contract type, mandates GR/SDF shipment declarations, disallows agency commission under the LOC while permitting exporter funded commission remittances under prevailing rules, and is issued by the Reserve Bank under FEMA without prejudice to other legal permissions. Circulars FEMA Thu, 02 Jul 2009 00:00:00 +0530 https://www.taxtmi.com/circulars?id=6390