https://www.taxtmi.com/circulars?id=52921 A Line of Credit from Exim Bank to the Government of Senegal finances eligible Indian goods, machinery, equipment and consultancy services for meat processing and related projects; a majority of contract value must be supplied from India with the balance allowable from outside. The Agreement effective date sets different cut offs for opening Letters of Credit and disbursements for project versus 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 remittances subject to AD bank approval and prevailing instructions. Directions are issued under FEMA. en-us Wed, 23 Jul 2014 00:00:00 +0530 Wed, 23 Jul 2014 18:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=52921 A Line of Credit from Exim Bank to the Government of Senegal finances eligible Indian goods, machinery, equipment and consultancy services for meat processing and related projects; a majority of contract value must be supplied from India with the balance allowable from outside. The Agreement effective date sets different cut offs for opening Letters of Credit and disbursements for project versus 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 remittances subject to AD bank approval and prevailing instructions. Directions are issued under FEMA. Circulars FEMA Wed, 23 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/circulars?id=52921