https://www.taxtmi.com/circulars?id=7339 Exim Bank's credit finances eligible Indian goods and consultancy services for an irrigation project in Lao PDR, requiring most of the contract value to be supplied from India or be of Indian origin while permitting limited procurement abroad. Letters of Credit and disbursements follow prescribed timelines; shipments must be declared on GR/SDF forms. No agency commission is payable under the LOC, but exporters may use their own resources or EEFC balances for commission payment subject to realisation and existing instructions. AD Category I banks must notify exporters and facilitate remittances in compliance with the circular. Directions are issued under FEMA without prejudice to other statutory permissions. en-us Tue, 18 Aug 2009 00:00:00 +0530 Fri, 30 Oct 2009 16:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=7339 Exim Bank's credit finances eligible Indian goods and consultancy services for an irrigation project in Lao PDR, requiring most of the contract value to be supplied from India or be of Indian origin while permitting limited procurement abroad. Letters of Credit and disbursements follow prescribed timelines; shipments must be declared on GR/SDF forms. No agency commission is payable under the LOC, but exporters may use their own resources or EEFC balances for commission payment subject to realisation and existing instructions. AD Category I banks must notify exporters and facilitate remittances in compliance with the circular. Directions are issued under FEMA without prejudice to other statutory permissions. Circulars FEMA Tue, 18 Aug 2009 00:00:00 +0530 https://www.taxtmi.com/circulars?id=7339