https://www.taxtmi.com/circulars?id=8438 Exim Bank's Line of Credit finances eligible Indian exports and consultancy for a Congolese hydroelectric project, requiring a prescribed minimum share of supplies from India with limited foreign procurement allowed; it sets effective and execution dates and deadlines for Letters of Credit and disbursements, mandates shipment declaration on GR/SDF forms, disallows agency commission under the LOC while permitting exporter-funded commission remittances under prevailing rules after realisation, tasks AD Category I banks to inform exporters and obtain full LOC details from Exim Bank, and issues directions under sections 10(4) and 11(1) of the Foreign Exchange Management Act without prejudice to other statutory approvals. en-us Fri, 10 Dec 2010 00:00:00 +0530 Mon, 13 Dec 2010 18:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=8438 Exim Bank's Line of Credit finances eligible Indian exports and consultancy for a Congolese hydroelectric project, requiring a prescribed minimum share of supplies from India with limited foreign procurement allowed; it sets effective and execution dates and deadlines for Letters of Credit and disbursements, mandates shipment declaration on GR/SDF forms, disallows agency commission under the LOC while permitting exporter-funded commission remittances under prevailing rules after realisation, tasks AD Category I banks to inform exporters and obtain full LOC details from Exim Bank, and issues directions under sections 10(4) and 11(1) of the Foreign Exchange Management Act without prejudice to other statutory approvals. Circulars FEMA Fri, 10 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/circulars?id=8438