https://www.taxtmi.com/circulars?id=54112 A Government of India supported Line of Credit to the Republic of Congo for a cement plant requires at least 75% of contract value for goods and services to be supplied from India, permits up to 25% non consultancy goods procurement from abroad, mandates EDF/SDF shipment declarations, prescribes differing deadlines for L/C opening and disbursement for project versus supply contracts, prohibits agency commission under the LOC while allowing exporter funded commission remittances subject to realization and compliance, and directs AD Category I banks to notify exporters; issued under FEMA directions. en-us Thu, 10 Dec 2015 00:00:00 +0530 Fri, 11 Dec 2015 09:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=54112 A Government of India supported Line of Credit to the Republic of Congo for a cement plant requires at least 75% of contract value for goods and services to be supplied from India, permits up to 25% non consultancy goods procurement from abroad, mandates EDF/SDF shipment declarations, prescribes differing deadlines for L/C opening and disbursement for project versus supply contracts, prohibits agency commission under the LOC while allowing exporter funded commission remittances subject to realization and compliance, and directs AD Category I banks to notify exporters; issued under FEMA directions. Circulars FEMA Thu, 10 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/circulars?id=54112