https://www.taxtmi.com/circulars?id=12145 A Line of Credit of USD 76.50 million to Malawi finances eligible goods, services, machinery, equipment and consultancy for specified projects, requiring at least 75 per cent of contract value to be supplied from India and permitting up to 25 per cent procurement abroad. The Credit Agreement is effective March 13, 2013; LC and disbursement timelines are 48 months for project exports and 72 months for supply contracts. Shipments must be declared on GR/SDF forms. No agency commission is payable under the LOC, though exporters may remit commission from their own funds or EEFC balances subject to AD Category-I bank compliance. Directions issued under FEMA. en-us Tue, 09 Apr 2013 00:00:00 +0530 Tue, 09 Apr 2013 15:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=12145 A Line of Credit of USD 76.50 million to Malawi finances eligible goods, services, machinery, equipment and consultancy for specified projects, requiring at least 75 per cent of contract value to be supplied from India and permitting up to 25 per cent procurement abroad. The Credit Agreement is effective March 13, 2013; LC and disbursement timelines are 48 months for project exports and 72 months for supply contracts. Shipments must be declared on GR/SDF forms. No agency commission is payable under the LOC, though exporters may remit commission from their own funds or EEFC balances subject to AD Category-I bank compliance. Directions issued under FEMA. Circulars FEMA Tue, 09 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/circulars?id=12145