https://www.taxtmi.com/circulars?id=11695 A Line of Credit by Exim Bank to the Government of Zambia finances eligible exports of goods, machinery, equipment and consultancy services that qualify under the Foreign Trade Policy. At least 75% of contract value must be supplied from India, with up to 25% non-consultancy goods/services procured abroad. The Credit Agreement is effective from June 8, 2012; Letters of Credit and disbursements follow prescribed time limits. Shipments require GR/SDF declarations. No agency commission is payable under the LOC, though exporters may use own resources or EEFC balances for commission remittance subject to AD Category-I bank compliance. Directions issued under FEMA remain without prejudice to other statutory permissions. en-us Thu, 28 Jun 2012 00:00:00 +0530 Fri, 29 Jun 2012 10:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=11695 A Line of Credit by Exim Bank to the Government of Zambia finances eligible exports of goods, machinery, equipment and consultancy services that qualify under the Foreign Trade Policy. At least 75% of contract value must be supplied from India, with up to 25% non-consultancy goods/services procured abroad. The Credit Agreement is effective from June 8, 2012; Letters of Credit and disbursements follow prescribed time limits. Shipments require GR/SDF declarations. No agency commission is payable under the LOC, though exporters may use own resources or EEFC balances for commission remittance subject to AD Category-I bank compliance. Directions issued under FEMA remain without prejudice to other statutory permissions. Circulars FEMA Thu, 28 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/circulars?id=11695