https://www.taxtmi.com/circulars?id=7938 Exim Bank's Line of Credit to Mali finances eligible Indian goods, machinery, equipment and consultancy services for the interconnection project; at least 85% of contract value must be supplied from India while up to 15% (excluding consultancy) may be procured abroad. The Credit Agreement fixes timelines for opening Letters of Credit and disbursement, requires GR/SDF shipment declarations, disallows agency commission under the LOC (though exporters may use own funds or EEFC balances subject to remittance rules), and implements these directions under FEMA. en-us Fri, 05 Feb 2010 00:00:00 +0530 Sat, 06 Feb 2010 10:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=7938 Exim Bank's Line of Credit to Mali finances eligible Indian goods, machinery, equipment and consultancy services for the interconnection project; at least 85% of contract value must be supplied from India while up to 15% (excluding consultancy) may be procured abroad. The Credit Agreement fixes timelines for opening Letters of Credit and disbursement, requires GR/SDF shipment declarations, disallows agency commission under the LOC (though exporters may use own funds or EEFC balances subject to remittance rules), and implements these directions under FEMA. Circulars FEMA Fri, 05 Feb 2010 00:00:00 +0530 https://www.taxtmi.com/circulars?id=7938