https://www.taxtmi.com/circulars?id=10711 Exim Bank made a Line of Credit available to Ethiopia to finance eligible Indian goods and services for sugar-industry development, requiring predominant Indian supply content with limited foreign procurement permitted; the agreement prescribes specific windows for opening Letters of Credit and disbursement for project and supply contracts, mandates GR/SDF shipment reporting, prohibits agency commission under the LOC while permitting exporter-funded commission subject to realisation and rules, and directs Authorised Dealer Category-I banks to notify exporters and facilitate compliance, pursuant to FEMA directions. en-us Thu, 16 Jun 2011 00:00:00 +0530 Thu, 16 Jun 2011 14:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=10711 Exim Bank made a Line of Credit available to Ethiopia to finance eligible Indian goods and services for sugar-industry development, requiring predominant Indian supply content with limited foreign procurement permitted; the agreement prescribes specific windows for opening Letters of Credit and disbursement for project and supply contracts, mandates GR/SDF shipment reporting, prohibits agency commission under the LOC while permitting exporter-funded commission subject to realisation and rules, and directs Authorised Dealer Category-I banks to notify exporters and facilitate compliance, pursuant to FEMA directions. Circulars FEMA Thu, 16 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10711