https://www.taxtmi.com/circulars?id=53265 Exim Bank's Line of Credit to Banco Exterior De Cuba finances modernization of an injectable product plant subject to eligibility under India's Foreign Trade Policy and FEMA directions. The LOC mandates that at least 75 percent of contract value for goods and services be supplied from India, with up to 25 percent procured externally. It prescribes time limits for opening Letters of Credit and disbursement, requires EDF/SDF declaration of shipments, disallows agency commission under the LOC while permitting exporters to pay commissions from their own resources or EEFC balances subject to realization and remittance rules, and directs AD Category-I banks to inform exporters. en-us Tue, 17 Mar 2015 00:00:00 +0530 Tue, 17 Mar 2015 15:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=53265 Exim Bank's Line of Credit to Banco Exterior De Cuba finances modernization of an injectable product plant subject to eligibility under India's Foreign Trade Policy and FEMA directions. The LOC mandates that at least 75 percent of contract value for goods and services be supplied from India, with up to 25 percent procured externally. It prescribes time limits for opening Letters of Credit and disbursement, requires EDF/SDF declaration of shipments, disallows agency commission under the LOC while permitting exporters to pay commissions from their own resources or EEFC balances subject to realization and remittance rules, and directs AD Category-I banks to inform exporters. Circulars FEMA Tue, 17 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/circulars?id=53265