https://www.taxtmi.com/circulars?id=52368 Exim Bank's Line of Credit finances eligible Indian goods, services, machinery, equipment and consultancy for an 18 MW power project in Comoros, requiring at least 75% of contract value to be supplied from India and permitting up to 25% procurement from abroad; shipments must be declared on GR/SDF forms, Letters of Credit and disbursement must meet specified timelines for project and supply contracts, no agency commission is payable under the LOC though exporters may use their own or EEFC funds subject to AD Category I bank compliance, and these directions are issued under FEMA without prejudice to other statutory approvals. en-us Fri, 16 Aug 2013 00:00:00 +0530 Fri, 16 Aug 2013 18:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=52368 Exim Bank's Line of Credit finances eligible Indian goods, services, machinery, equipment and consultancy for an 18 MW power project in Comoros, requiring at least 75% of contract value to be supplied from India and permitting up to 25% procurement from abroad; shipments must be declared on GR/SDF forms, Letters of Credit and disbursement must meet specified timelines for project and supply contracts, no agency commission is payable under the LOC though exporters may use their own or EEFC funds subject to AD Category I bank compliance, and these directions are issued under FEMA without prejudice to other statutory approvals. Circulars FEMA Fri, 16 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/circulars?id=52368