https://www.taxtmi.com/circulars?id=55618 A Government of India-supported Line of Credit from Exim Bank to Burundi finances farm mechanization and limits eligible contracts to goods, machinery, equipment and services permitted under India's Foreign Trade Policy. At least 75% of contract value must be supplied from India, with up to 25% procured abroad. The LOC sets separate disbursement timeframes for project export and supply contracts and requires shipments to be declared on EDF/SDF forms. Agency commission is not payable from the LOC; exporters may use their own funds or EEFC balances subject to AD Category I bank compliance and realization of contract proceeds. en-us Thu, 05 Jan 2017 00:00:00 +0530 Fri, 06 Jan 2017 10:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=55618 A Government of India-supported Line of Credit from Exim Bank to Burundi finances farm mechanization and limits eligible contracts to goods, machinery, equipment and services permitted under India's Foreign Trade Policy. At least 75% of contract value must be supplied from India, with up to 25% procured abroad. The LOC sets separate disbursement timeframes for project export and supply contracts and requires shipments to be declared on EDF/SDF forms. Agency commission is not payable from the LOC; exporters may use their own funds or EEFC balances subject to AD Category I bank compliance and realization of contract proceeds. Circulars FEMA Thu, 05 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/circulars?id=55618