https://www.taxtmi.com/circulars?id=53127 Exim Bank's Line of Credit to the Government of Niger finances eligible goods, machinery, equipment and consultancy services from India for a potable water project, requiring at least 75 percent Indian supply content and permitting up to 25 percent foreign procurement. The Credit Agreement sets distinct periods for opening Letters of Credit and disbursement for project and other supply contracts; shipments must be declared on GR/SDF forms. No agency commission is payable under the LOC, though exporters may use own funds or EEFC balances for commission subject to AD Category I bank compliance. Directions are issued under FEMA and do not prejudice other statutory approvals. en-us Thu, 04 Dec 2014 00:00:00 +0530 Thu, 04 Dec 2014 16:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=53127 Exim Bank's Line of Credit to the Government of Niger finances eligible goods, machinery, equipment and consultancy services from India for a potable water project, requiring at least 75 percent Indian supply content and permitting up to 25 percent foreign procurement. The Credit Agreement sets distinct periods for opening Letters of Credit and disbursement for project and other supply contracts; shipments must be declared on GR/SDF forms. No agency commission is payable under the LOC, though exporters may use own funds or EEFC balances for commission subject to AD Category I bank compliance. Directions are issued under FEMA and do not prejudice other statutory approvals. Circulars FEMA Thu, 04 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/circulars?id=53127