https://www.taxtmi.com/circulars?id=11743 A Line of Credit from Exim Bank to Ethiopia finances Indian-sourced eligible goods, services, machinery, equipment and consultancy for sugar-industry development; at least 75 per cent of contract value must be supplied by Indian sellers with up to 25 per cent procured outside India. The Agreement fixes timelines for Letters of Credit and disbursements, mandates GR/SDF shipment declarations, prohibits agency commission under the LOC (subject to exporter-funded commission from own resources or EEFC after realization), and requires AD Category I banks to inform exporters; directions are issued under FEMA. en-us Tue, 24 Jul 2012 00:00:00 +0530 Tue, 24 Jul 2012 18:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=11743 A Line of Credit from Exim Bank to Ethiopia finances Indian-sourced eligible goods, services, machinery, equipment and consultancy for sugar-industry development; at least 75 per cent of contract value must be supplied by Indian sellers with up to 25 per cent procured outside India. The Agreement fixes timelines for Letters of Credit and disbursements, mandates GR/SDF shipment declarations, prohibits agency commission under the LOC (subject to exporter-funded commission from own resources or EEFC after realization), and requires AD Category I banks to inform exporters; directions are issued under FEMA. Circulars FEMA Tue, 24 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/circulars?id=11743