https://www.taxtmi.com/circulars?id=12030 Exim Bank extended a Line of Credit to Swaziland to finance eligible Indian exports for agriculture, mandating that at least seventy five percent of contract value for goods and non consultancy services be supplied from India while up to twenty five percent may be procured abroad; exports must comply with the Foreign Trade Policy and shipments declared on GR/SDF forms. The LOC disallows agency commission from the credit but permits exporter funded commission remittances subject to AD Category I bank compliance with prevailing rules. Directions are issued under FEMA without prejudice to other statutory approvals. en-us Tue, 15 Jan 2013 00:00:00 +0530 Tue, 15 Jan 2013 17:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=12030 Exim Bank extended a Line of Credit to Swaziland to finance eligible Indian exports for agriculture, mandating that at least seventy five percent of contract value for goods and non consultancy services be supplied from India while up to twenty five percent may be procured abroad; exports must comply with the Foreign Trade Policy and shipments declared on GR/SDF forms. The LOC disallows agency commission from the credit but permits exporter funded commission remittances subject to AD Category I bank compliance with prevailing rules. Directions are issued under FEMA without prejudice to other statutory approvals. Circulars FEMA Tue, 15 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/circulars?id=12030