https://www.taxtmi.com/circulars?id=11797 The Export-Import Bank of India's Line of Credit finances Indian exports of goods, services, equipment and consultancy for a designated project, requiring a substantial majority of contract value to be sourced from India while permitting limited non-consultancy procurement abroad. The Agreement prescribes deadlines for opening Letters of Credit and disbursements, mandates shipment declaration on GR/SDF forms, disallows agency commission under the LOC (subject to exporters' own remittance options), and directs AD Category I banks to inform exporters; the circular is issued under FEMA authority. en-us Fri, 31 Aug 2012 00:00:00 +0530 Sat, 01 Sep 2012 11:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=11797 The Export-Import Bank of India's Line of Credit finances Indian exports of goods, services, equipment and consultancy for a designated project, requiring a substantial majority of contract value to be sourced from India while permitting limited non-consultancy procurement abroad. The Agreement prescribes deadlines for opening Letters of Credit and disbursements, mandates shipment declaration on GR/SDF forms, disallows agency commission under the LOC (subject to exporters' own remittance options), and directs AD Category I banks to inform exporters; the circular is issued under FEMA authority. Circulars FEMA Fri, 31 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/circulars?id=11797