https://www.taxtmi.com/circulars?id=10515 Exim Bank provided a Line of Credit to Tanzania to finance eligible goods and consultancy services from India, requiring at least 75% of the contract price to be supplied from India while allowing up to 25% of non consultancy goods to be procured abroad. The Credit Agreement prescribes specific windows for opening letters of credit and disbursement, mandates GR/SDF reporting of shipments, disallows agency commission under the LoC (subject to exporter self funding or EEFC remittances after realization), and directs Authorised Dealer Category I banks to notify exporters; directions are issued under FEMA powers. en-us Tue, 14 Jun 2011 00:00:00 +0530 Wed, 15 Jun 2011 10:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=10515 Exim Bank provided a Line of Credit to Tanzania to finance eligible goods and consultancy services from India, requiring at least 75% of the contract price to be supplied from India while allowing up to 25% of non consultancy goods to be procured abroad. The Credit Agreement prescribes specific windows for opening letters of credit and disbursement, mandates GR/SDF reporting of shipments, disallows agency commission under the LoC (subject to exporter self funding or EEFC remittances after realization), and directs Authorised Dealer Category I banks to notify exporters; directions are issued under FEMA powers. Circulars FEMA Tue, 14 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10515