https://www.taxtmi.com/circulars?id=7997 Provision of a Line of Credit of USD 15 million to finance eligible goods, machinery, equipment and services from India, requiring a substantial proportion of contract value to be supplied from India while allowing limited non Indian procurement for non consultancy items. The Credit Agreement sets distinct LC and disbursement timelines for project exports and supply contracts; shipments must be declared on prescribed GR/SDF forms. Agency commission is not payable under the LOC, though exporters may remit commission from their own funds or exchange earnings balances subject to realization and prevailing instructions, and Authorized Dealer Category I banks must notify exporters and ensure compliance. en-us Fri, 05 Mar 2010 00:00:00 +0530 Mon, 08 Mar 2010 14:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=7997 Provision of a Line of Credit of USD 15 million to finance eligible goods, machinery, equipment and services from India, requiring a substantial proportion of contract value to be supplied from India while allowing limited non Indian procurement for non consultancy items. The Credit Agreement sets distinct LC and disbursement timelines for project exports and supply contracts; shipments must be declared on prescribed GR/SDF forms. Agency commission is not payable under the LOC, though exporters may remit commission from their own funds or exchange earnings balances subject to realization and prevailing instructions, and Authorized Dealer Category I banks must notify exporters and ensure compliance. Circulars FEMA Fri, 05 Mar 2010 00:00:00 +0530 https://www.taxtmi.com/circulars?id=7997