https://www.taxtmi.com/circulars?id=53026 A Line of Credit of USD 52 million from Exim Bank to the Government of Togo finances procurement of goods, machinery, equipment and services (including consultancy) from India for a 161 kV transmission project. At least 75 per cent of contract value must be supplied from India; up to 25 per cent may be procured abroad. The Credit Agreement is effective from September 16, 2014; LC opening and disbursement deadlines 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 under the LOC, though exporters may use own funds or EEFC balances subject to AD bank compliance under FEMA. en-us Thu, 25 Sep 2014 00:00:00 +0530 Thu, 25 Sep 2014 18:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=53026 A Line of Credit of USD 52 million from Exim Bank to the Government of Togo finances procurement of goods, machinery, equipment and services (including consultancy) from India for a 161 kV transmission project. At least 75 per cent of contract value must be supplied from India; up to 25 per cent may be procured abroad. The Credit Agreement is effective from September 16, 2014; LC opening and disbursement deadlines 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 under the LOC, though exporters may use own funds or EEFC balances subject to AD bank compliance under FEMA. Circulars FEMA Thu, 25 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/circulars?id=53026