https://www.taxtmi.com/circulars?id=53191 Exim Bank's Line of Credit to Nigeria finances eligible Indian exports for specified power projects, requiring a substantial majority of contract value to be supplied from India while allowing a minority portion to be procured abroad; the agreement fixes distinct timelines for opening Letters of Credit and disbursement for project exports and supply contracts, mandates GR/SDF shipment declarations, prohibits agency commission payment under the LOC (permitting exporter-funded commission in free foreign exchange subject to AD bank rules), and is issued under FEMA powers. en-us Tue, 27 Jan 2015 00:00:00 +0530 Tue, 27 Jan 2015 18:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=53191 Exim Bank's Line of Credit to Nigeria finances eligible Indian exports for specified power projects, requiring a substantial majority of contract value to be supplied from India while allowing a minority portion to be procured abroad; the agreement fixes distinct timelines for opening Letters of Credit and disbursement for project exports and supply contracts, mandates GR/SDF shipment declarations, prohibits agency commission payment under the LOC (permitting exporter-funded commission in free foreign exchange subject to AD bank rules), and is issued under FEMA powers. Circulars FEMA Tue, 27 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/circulars?id=53191