https://www.taxtmi.com/circulars?id=8079 A Line of Credit from Exim Bank finances Sierra Leone potable water projects and consultancy services for exports eligible under India's Foreign Trade Policy. At least 85 per cent of contract value must be supplied from India; up to 15 per cent (excluding consultancy) may be procured abroad. The Credit Agreement is effective April 7, 2010, with LC/disbursement deadlines of 48 months from project completion for project exports and 72 months from agreement execution for supply contracts. Shipments must be declared on GR/SDF forms. No agency commission is payable under the LOC; exporters may use own or EEFC funds for commissions after realisation. Directions are issued under sections 10(4) and 11(1) of FEMA. en-us Tue, 18 May 2010 00:00:00 +0530 Wed, 19 May 2010 10:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=8079 A Line of Credit from Exim Bank finances Sierra Leone potable water projects and consultancy services for exports eligible under India's Foreign Trade Policy. At least 85 per cent of contract value must be supplied from India; up to 15 per cent (excluding consultancy) may be procured abroad. The Credit Agreement is effective April 7, 2010, with LC/disbursement deadlines of 48 months from project completion for project exports and 72 months from agreement execution for supply contracts. Shipments must be declared on GR/SDF forms. No agency commission is payable under the LOC; exporters may use own or EEFC funds for commissions after realisation. Directions are issued under sections 10(4) and 11(1) of FEMA. Circulars FEMA Tue, 18 May 2010 00:00:00 +0530 https://www.taxtmi.com/circulars?id=8079