https://www.taxtmi.com/circulars?id=52524 A Line of Credit from Export-Import Bank of India to the Government of Mozambique finances rehabilitation works by funding eligible goods, machinery, services and consultancy sourced mainly from India; at least 75 per cent of contract value must be supplied from India with up to 25 per cent procured abroad. The Credit Agreement fixes timelines for opening Letters of Credit and disbursement, requires GR/SDF shipment declarations, disallows agency commission under the LOC while permitting exporter-funded commission remittances, and instructs AD Category-I banks to notify exporters; directions issued under FEMA. 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=52524 A Line of Credit from Export-Import Bank of India to the Government of Mozambique finances rehabilitation works by funding eligible goods, machinery, services and consultancy sourced mainly from India; at least 75 per cent of contract value must be supplied from India with up to 25 per cent procured abroad. The Credit Agreement fixes timelines for opening Letters of Credit and disbursement, requires GR/SDF shipment declarations, disallows agency commission under the LOC while permitting exporter-funded commission remittances, and instructs AD Category-I banks to notify exporters; directions issued under FEMA. Circulars FEMA Thu, 31 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/circulars?id=52524