https://www.taxtmi.com/circulars?id=53252 Exim Bank's LOC to Niger finances solar village electrification and a 5 MW PV project, requiring at least 75 percent India-sourced goods and services; up to 25 percent may be procured abroad. The Credit Agreement is effective from February 18, 2015, with opening/disbursement timelines tied to project completion (48 months) and supply contracts (72 months). Shipments must be declared on EDF/SDF forms. No agency commission is payable under the LOC, though exporters may remit commission from their own resources or EEFC balances after realization, subject to remittance rules. AD Category-I banks must inform exporters and obtain LOC details; directions issued under FEMA. en-us Mon, 09 Mar 2015 00:00:00 +0530 Tue, 10 Mar 2015 10:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=53252 Exim Bank's LOC to Niger finances solar village electrification and a 5 MW PV project, requiring at least 75 percent India-sourced goods and services; up to 25 percent may be procured abroad. The Credit Agreement is effective from February 18, 2015, with opening/disbursement timelines tied to project completion (48 months) and supply contracts (72 months). Shipments must be declared on EDF/SDF forms. No agency commission is payable under the LOC, though exporters may remit commission from their own resources or EEFC balances after realization, subject to remittance rules. AD Category-I banks must inform exporters and obtain LOC details; directions issued under FEMA. Circulars FEMA Mon, 09 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/circulars?id=53252