https://www.taxtmi.com/circulars?id=52525 Exim Bank provided a Line of Credit to Mozambique to finance eligible Indian exports for a housing project; financed goods, services and consultancy must meet Foreign Trade Policy eligibility and minimum Indian supply content (65% for goods and services; up to 75% for consultancy). The Credit Agreement effective October 4, 2013, sets differing timelines for opening Letters of Credit and disbursements for project and supply contracts. Shipments under the LOC require GR/SDF reporting. No agency commission is payable under the LOC, though exporters may pay commission from their own resources or EEFC balances subject to remittance rules. Directions issued under FEMA. en-us Thu, 31 Oct 2013 00:00:00 +0530 Fri, 01 Nov 2013 09:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=52525 Exim Bank provided a Line of Credit to Mozambique to finance eligible Indian exports for a housing project; financed goods, services and consultancy must meet Foreign Trade Policy eligibility and minimum Indian supply content (65% for goods and services; up to 75% for consultancy). The Credit Agreement effective October 4, 2013, sets differing timelines for opening Letters of Credit and disbursements for project and supply contracts. Shipments under the LOC require GR/SDF reporting. No agency commission is payable under the LOC, though exporters may pay commission from their own resources or EEFC balances subject to remittance rules. Directions issued under FEMA. Circulars FEMA Thu, 31 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/circulars?id=52525