https://www.taxtmi.com/circulars?id=52999 A Line of Credit was made available to finance eligible goods, machinery, equipment and consultancy services for agriculture and irrigation development, requiring at least 75 percent of contract value to be supplied from India and up to 25 percent to be procured outside India. The Credit Agreement prescribes distinct LC and disbursement timelines for project and other supply contracts. Shipments must be declared on GR/SDF forms. No agency commission is payable under the LOC; exporters may use own funds or Exchange Earners' Foreign Currency balances for commission payments after realization, subject to prevailing remittance rules. en-us Fri, 05 Sep 2014 00:00:00 +0530 Fri, 05 Sep 2014 18:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=52999 A Line of Credit was made available to finance eligible goods, machinery, equipment and consultancy services for agriculture and irrigation development, requiring at least 75 percent of contract value to be supplied from India and up to 25 percent to be procured outside India. The Credit Agreement prescribes distinct LC and disbursement timelines for project and other supply contracts. Shipments must be declared on GR/SDF forms. No agency commission is payable under the LOC; exporters may use own funds or Exchange Earners' Foreign Currency balances for commission payments after realization, subject to prevailing remittance rules. Circulars FEMA Fri, 05 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/circulars?id=52999