https://www.taxtmi.com/circulars?id=8016 Export-Import Bank of India extended a Line of Credit to the Government of the Republic of Zambia to finance eligible goods and services, including consultancy from India, for the Itezhi-Tezhi hydro power project. The facility requires at least 85 per cent of contract value to be supplied from India, permits the remaining 15 per cent (excluding consultancy) to be procured abroad, mandates GR/SDF shipment declarations, disallows agency commission under the LOC (subject to exporter-funded commission arrangements), and is issued under sections 10(4) and 11(1) of FEMA. en-us Thu, 25 Mar 2010 00:00:00 +0530 Fri, 26 Mar 2010 10:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=8016 Export-Import Bank of India extended a Line of Credit to the Government of the Republic of Zambia to finance eligible goods and services, including consultancy from India, for the Itezhi-Tezhi hydro power project. The facility requires at least 85 per cent of contract value to be supplied from India, permits the remaining 15 per cent (excluding consultancy) to be procured abroad, mandates GR/SDF shipment declarations, disallows agency commission under the LOC (subject to exporter-funded commission arrangements), and is issued under sections 10(4) and 11(1) of FEMA. Circulars FEMA Thu, 25 Mar 2010 00:00:00 +0530 https://www.taxtmi.com/circulars?id=8016