https://www.taxtmi.com/circulars?id=8464 A Line of Credit from Export-Import Bank of India to the Government of Kenya finances Power Transmission Lines with at least 75% of contract value supplied from India and up to 25% procured outside India (excluding consultancy). The Credit Agreement effective December 2010 sets timelines for opening Letters of Credit and disbursements tied to project completion and a fixed disbursement period for supply contracts. Shipments must be declared on GR/SDF forms. No agency commission is payable under the LOC; exporters may use own funds or EEFC balances for commission subject to AD Category-I bank compliance. Directions issued under FEMA. en-us Wed, 05 Jan 2011 00:00:00 +0530 Mon, 03 Oct 2011 16:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=8464 A Line of Credit from Export-Import Bank of India to the Government of Kenya finances Power Transmission Lines with at least 75% of contract value supplied from India and up to 25% procured outside India (excluding consultancy). The Credit Agreement effective December 2010 sets timelines for opening Letters of Credit and disbursements tied to project completion and a fixed disbursement period for supply contracts. Shipments must be declared on GR/SDF forms. No agency commission is payable under the LOC; exporters may use own funds or EEFC balances for commission subject to AD Category-I bank compliance. Directions issued under FEMA. Circulars FEMA Wed, 05 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/circulars?id=8464