https://www.taxtmi.com/circulars?id=7859 Establishes terms for an Exim Bank Line of Credit to Djibouti financing eligible exports from India, requiring at least 85 percent Indian supply and permitting up to 15 percent foreign procurement (excluding consultancy). The Credit Agreement fixes timelines for opening Letters of Credit and disbursements for project and supply contracts, mandates GR/SDF declaration of shipments, and prescribes that no agency commission is payable under the LOC while allowing exporter-funded commission payments from own resources or EEFC balances subject to AD Category I bank compliance and FEMA directions. en-us Thu, 17 Dec 2009 00:00:00 +0530 Thu, 17 Dec 2009 16:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=7859 Establishes terms for an Exim Bank Line of Credit to Djibouti financing eligible exports from India, requiring at least 85 percent Indian supply and permitting up to 15 percent foreign procurement (excluding consultancy). The Credit Agreement fixes timelines for opening Letters of Credit and disbursements for project and supply contracts, mandates GR/SDF declaration of shipments, and prescribes that no agency commission is payable under the LOC while allowing exporter-funded commission payments from own resources or EEFC balances subject to AD Category I bank compliance and FEMA directions. Circulars FEMA Thu, 17 Dec 2009 00:00:00 +0530 https://www.taxtmi.com/circulars?id=7859