https://www.taxtmi.com/circulars?id=7301 Grant of a Line of Credit by Exim Bank to the Government of Sudan finances eligible goods, services and consultancy from India for the Elduem Sugar Project, requiring at least 85% Indian-supplied value and permitting up to 15% foreign procurement (excluding consultancy). Shipments must be declared on GR/SDF forms; timelines for opening Letters of Credit and disbursements are tied to project completion or a set period from agreement execution. No agency commission is payable under the LOC, though exporters may use their own funds or Exchange Earners' Foreign Currency Account balances for commission payments subject to remittance rules. Directions are issued under sections 10(4) and 11(1) of FEMA without prejudice to other approvals. en-us Tue, 21 Jul 2009 00:00:00 +0530 Fri, 30 Oct 2009 16:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=7301 Grant of a Line of Credit by Exim Bank to the Government of Sudan finances eligible goods, services and consultancy from India for the Elduem Sugar Project, requiring at least 85% Indian-supplied value and permitting up to 15% foreign procurement (excluding consultancy). Shipments must be declared on GR/SDF forms; timelines for opening Letters of Credit and disbursements are tied to project completion or a set period from agreement execution. No agency commission is payable under the LOC, though exporters may use their own funds or Exchange Earners' Foreign Currency Account balances for commission payments subject to remittance rules. Directions are issued under sections 10(4) and 11(1) of FEMA without prejudice to other approvals. Circulars FEMA Tue, 21 Jul 2009 00:00:00 +0530 https://www.taxtmi.com/circulars?id=7301