https://www.taxtmi.com/circulars?id=52523 Exim Bank made a Line of Credit to Mozambique for the Rural Drinking Project Extension, requiring that eligible goods, services and consultancy qualifying under India's Foreign Trade Policy supply at least 75% of the contract value from India (up to 25% from outside). The Credit Agreement effective October 4, 2013 prescribes disbursement cut offs: 48 months from scheduled project completion for project exports and 72 months from agreement execution for supply contracts; shipments must be declared on GR/SDF Forms. No agency commission is payable under the LOC; exporters may use own funds or EEFC balances for commission remittance after realisation. AD Category I banks must inform exporters; directions issued under FEMA sections 10(4) and 11(1). en-us Thu, 31 Oct 2013 00:00:00 +0530 Fri, 01 Nov 2013 09:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=52523 Exim Bank made a Line of Credit to Mozambique for the Rural Drinking Project Extension, requiring that eligible goods, services and consultancy qualifying under India's Foreign Trade Policy supply at least 75% of the contract value from India (up to 25% from outside). The Credit Agreement effective October 4, 2013 prescribes disbursement cut offs: 48 months from scheduled project completion for project exports and 72 months from agreement execution for supply contracts; shipments must be declared on GR/SDF Forms. No agency commission is payable under the LOC; exporters may use own funds or EEFC balances for commission remittance after realisation. AD Category I banks must inform exporters; directions issued under FEMA sections 10(4) and 11(1). Circulars FEMA Thu, 31 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/circulars?id=52523