https://www.taxtmi.com/circulars?id=8469 Exim Bank's Line of Credit to Mozambique finances eligible goods, machinery and consultancy from India for rural electrification, requiring at least 85 per cent India-sourced supply and permitting up to 15 per cent foreign procurement (excluding consultancy). The Credit Agreement is effective from December 13, 2010; LC opening and disbursement deadlines are 48 months from project completion for project exports and 72 months from execution for supply contracts. Shipments must be declared on GR/SDF forms. No agency commission is payable under the LOC, though exporters may pay commission from own resources or EEFC balances after realization, and AD Category I banks must notify exporters. Directions issued under FEMA sections 10(4) and 11(1). en-us Wed, 05 Jan 2011 00:00:00 +0530 Mon, 03 Oct 2011 16:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=8469 Exim Bank's Line of Credit to Mozambique finances eligible goods, machinery and consultancy from India for rural electrification, requiring at least 85 per cent India-sourced supply and permitting up to 15 per cent foreign procurement (excluding consultancy). The Credit Agreement is effective from December 13, 2010; LC opening and disbursement deadlines are 48 months from project completion for project exports and 72 months from execution for supply contracts. Shipments must be declared on GR/SDF forms. No agency commission is payable under the LOC, though exporters may pay commission from own resources or EEFC balances after realization, and AD Category I banks must notify exporters. Directions issued under FEMA sections 10(4) and 11(1). Circulars FEMA Wed, 05 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/circulars?id=8469