https://www.taxtmi.com/circulars?id=11973 Exim Bank's Line of Credit to the Government of Gambia finances eligible Indian exports, requiring at least 65 per cent of contract value to be supplied from India with up to 35 per cent procureable abroad. The Agreement is effective December 4, 2012, and provides differentiated periods for opening Letters of Credit and disbursement for project and supply contracts. Shipments must be declared on GR/SDF forms. No agency commission is payable under the LOC, though exporters may use own funds or EEFC balances to pay commission subject to AD Category I bank permission after full realization. Directions issued under FEMA remain without prejudice to other statutory approvals. en-us Tue, 18 Dec 2012 00:00:00 +0530 Thu, 20 Dec 2012 10:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=11973 Exim Bank's Line of Credit to the Government of Gambia finances eligible Indian exports, requiring at least 65 per cent of contract value to be supplied from India with up to 35 per cent procureable abroad. The Agreement is effective December 4, 2012, and provides differentiated periods for opening Letters of Credit and disbursement for project and supply contracts. Shipments must be declared on GR/SDF forms. No agency commission is payable under the LOC, though exporters may use own funds or EEFC balances to pay commission subject to AD Category I bank permission after full realization. Directions issued under FEMA remain without prejudice to other statutory approvals. Circulars FEMA Tue, 18 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/circulars?id=11973