https://www.taxtmi.com/circulars?id=52633 Exim Bank's Line of Credit to Sudan finances eligible exports for the Mashkour Sugar Project, requiring at least 75 per cent of contract value supplied from India and permitting up to 25 per cent procurement abroad; the Credit Agreement fixes distinct deadlines for L/C opening and disbursement for project and supply contracts. Shipments must be declared on GR/SDF forms; no agency commission is payable under the LOC though exporters may remit commission from their own funds or EEFC balances after full realization, subject to prevailing rules. AD Category I banks must notify exporters and the directions are issued under FEMA. en-us Mon, 13 Jan 2014 00:00:00 +0530 Mon, 13 Jan 2014 18:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=52633 Exim Bank's Line of Credit to Sudan finances eligible exports for the Mashkour Sugar Project, requiring at least 75 per cent of contract value supplied from India and permitting up to 25 per cent procurement abroad; the Credit Agreement fixes distinct deadlines for L/C opening and disbursement for project and supply contracts. Shipments must be declared on GR/SDF forms; no agency commission is payable under the LOC though exporters may remit commission from their own funds or EEFC balances after full realization, subject to prevailing rules. AD Category I banks must notify exporters and the directions are issued under FEMA. Circulars FEMA Mon, 13 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/circulars?id=52633