https://www.taxtmi.com/circulars?id=54128 Government-supported Line of Credit finances eligible goods, machinery, equipment and services for a power project, requiring suppliers to source a majority of contract value from India while permitting limited external procurement for non-consultancy items. The agreement fixes effective and disbursement timelines with separate windows for project exports and other supplies. Shipments must be declared on prescribed EDF/SDF forms. Agency commission is not payable under the LOC, though exporters may use their own funds or Exchange Earners' Foreign Currency Account balances for commissions subject to AD Category I bank approval and prevailing remittance instructions. Directions derive from foreign exchange statutory powers. en-us Thu, 17 Dec 2015 00:00:00 +0530 Thu, 17 Dec 2015 17:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=54128 Government-supported Line of Credit finances eligible goods, machinery, equipment and services for a power project, requiring suppliers to source a majority of contract value from India while permitting limited external procurement for non-consultancy items. The agreement fixes effective and disbursement timelines with separate windows for project exports and other supplies. Shipments must be declared on prescribed EDF/SDF forms. Agency commission is not payable under the LOC, though exporters may use their own funds or Exchange Earners' Foreign Currency Account balances for commissions subject to AD Category I bank approval and prevailing remittance instructions. Directions derive from foreign exchange statutory powers. Circulars FEMA Thu, 17 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/circulars?id=54128