https://www.taxtmi.com/circulars?id=52360 Exim Bank's LOC to Zimbabwe finances eligible Indian goods, services, machinery and consultancy, requiring at least 75 per cent of contract value to be supplied from India and permitting up to 25 per cent sourced abroad. The Agreement is effective from July 25, 2013, with specified LC/disbursement timelines for project and supply contracts, mandatory GR/SDF shipment declarations, prohibition of agency commission under the LOC (subject to exporter-funded remittance rules), and compliance and notification obligations for Authorised Dealer Category-I banks under sections 10(4) and 11(1) of FEMA. en-us Mon, 12 Aug 2013 00:00:00 +0530 Tue, 13 Aug 2013 10:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=52360 Exim Bank's LOC to Zimbabwe finances eligible Indian goods, services, machinery and consultancy, requiring at least 75 per cent of contract value to be supplied from India and permitting up to 25 per cent sourced abroad. The Agreement is effective from July 25, 2013, with specified LC/disbursement timelines for project and supply contracts, mandatory GR/SDF shipment declarations, prohibition of agency commission under the LOC (subject to exporter-funded remittance rules), and compliance and notification obligations for Authorised Dealer Category-I banks under sections 10(4) and 11(1) of FEMA. Circulars FEMA Mon, 12 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/circulars?id=52360