https://www.taxtmi.com/circulars?id=52828 Exim Bank's Line of Credit to Mauritius finances procurement of eligible goods, machinery, equipment and services from India for specialised defence related equipment and vehicles; sellers must supply a majority of the contract value from India with up to 25 percent procured abroad. The Agreement was executed February 12, 2014 and effective May 15, 2014; last dates for Letters of Credit and disbursement are 48 months from scheduled completion for project exports and 72 months from execution for supply contracts. Shipments must be declared on GR/SDF forms; no agency commission is payable under the LOC, subject to FEMA compliance. en-us Tue, 03 Jun 2014 00:00:00 +0530 Wed, 04 Jun 2014 09:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=52828 Exim Bank's Line of Credit to Mauritius finances procurement of eligible goods, machinery, equipment and services from India for specialised defence related equipment and vehicles; sellers must supply a majority of the contract value from India with up to 25 percent procured abroad. The Agreement was executed February 12, 2014 and effective May 15, 2014; last dates for Letters of Credit and disbursement are 48 months from scheduled completion for project exports and 72 months from execution for supply contracts. Shipments must be declared on GR/SDF forms; no agency commission is payable under the LOC, subject to FEMA compliance. Circulars FEMA Tue, 03 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/circulars?id=52828