https://www.taxtmi.com/circulars?id=11588 Exim Bank made available a Line of Credit to EBID to finance eligible Indian exports to ECOWAS member states; exports must meet Foreign Trade Policy eligibility and at least 75% of contract value must be supplied from India (remaining 25% excluding consultancy may be procured outside India). The Credit Agreement effective date and distinct timeframes apply for Letters of Credit and disbursement: 48 months for project exports from scheduled completion and 72 months for supply contracts from execution. Shipments must be declared on GR/SDF forms; no agency commission under the LOC, though exporters may use own funds or EEFC balances for commission subject to AD Category-I bank compliance. Directions issued under FEMA sections 10(4) and 11(1). en-us Thu, 12 Apr 2012 00:00:00 +0530 Fri, 13 Apr 2012 10:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=11588 Exim Bank made available a Line of Credit to EBID to finance eligible Indian exports to ECOWAS member states; exports must meet Foreign Trade Policy eligibility and at least 75% of contract value must be supplied from India (remaining 25% excluding consultancy may be procured outside India). The Credit Agreement effective date and distinct timeframes apply for Letters of Credit and disbursement: 48 months for project exports from scheduled completion and 72 months for supply contracts from execution. Shipments must be declared on GR/SDF forms; no agency commission under the LOC, though exporters may use own funds or EEFC balances for commission subject to AD Category-I bank compliance. Directions issued under FEMA sections 10(4) and 11(1). Circulars FEMA Thu, 12 Apr 2012 00:00:00 +0530 https://www.taxtmi.com/circulars?id=11588