https://www.taxtmi.com/circulars?id=53900 A Government-supported Line of Credit administered by the Export-Import Bank finances specified power-sector contracts in Nicaragua subject to a requirement that at least 75% of contract value for goods and services (including consultancy) be supplied from India and up to 25% of goods and services may be procured abroad; shipments must be declared on EDF/SDF forms, disbursements and LC openings are bound by contract completion or a fixed outer date, and no agency commission is payable under the LOC though exporters may use own funds or EEFC balances for commission subject to remittance rules. en-us Wed, 16 Sep 2015 00:00:00 +0530 Wed, 16 Sep 2015 17:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=53900 A Government-supported Line of Credit administered by the Export-Import Bank finances specified power-sector contracts in Nicaragua subject to a requirement that at least 75% of contract value for goods and services (including consultancy) be supplied from India and up to 25% of goods and services may be procured abroad; shipments must be declared on EDF/SDF forms, disbursements and LC openings are bound by contract completion or a fixed outer date, and no agency commission is payable under the LOC though exporters may use own funds or EEFC balances for commission subject to remittance rules. Circulars FEMA Wed, 16 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/circulars?id=53900