https://www.taxtmi.com/circulars?id=54127 Exim Bank's Government of India supported Line of Credit to the Democratic Republic of Congo for a Bandundu Province power distribution project is effective from November 27, 2015. Under the LOC, goods, machinery, equipment and services eligible under India's Foreign Trade Policy must be supplied so that at least 75% of the contract price is sourced from India while the remaining 25% (other than consultancy services) may be procured from outside India. Shipments must be declared on EDF/SDF forms and AD Category I banks shall apply prevailing rules on agency commission remittances. en-us Thu, 17 Dec 2015 00:00:00 +0530 Thu, 17 Dec 2015 17:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=54127 Exim Bank's Government of India supported Line of Credit to the Democratic Republic of Congo for a Bandundu Province power distribution project is effective from November 27, 2015. Under the LOC, goods, machinery, equipment and services eligible under India's Foreign Trade Policy must be supplied so that at least 75% of the contract price is sourced from India while the remaining 25% (other than consultancy services) may be procured from outside India. Shipments must be declared on EDF/SDF forms and AD Category I banks shall apply prevailing rules on agency commission remittances. Circulars FEMA Thu, 17 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/circulars?id=54127