https://www.taxtmi.com/circulars?id=55729 Exim Bank provided a Government of India supported Line of Credit to Malawi for a water supply project, permitting financing of eligible Indian exports including goods, plant, machinery and consultancy; the contract mandates that the majority of goods and services be supplied from India while a portion may be procured abroad, shipments must be declared on the Export Declaration Form, and the LOC is subject to a terminal utilisation period. No agency commission is payable under the LOC, though exporters may remit commission from own funds or EEFC balances after full realisation, subject to remittance rules and Authorised Dealer Category I bank oversight. en-us Thu, 02 Mar 2017 00:00:00 +0530 Thu, 02 Mar 2017 18:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=55729 Exim Bank provided a Government of India supported Line of Credit to Malawi for a water supply project, permitting financing of eligible Indian exports including goods, plant, machinery and consultancy; the contract mandates that the majority of goods and services be supplied from India while a portion may be procured abroad, shipments must be declared on the Export Declaration Form, and the LOC is subject to a terminal utilisation period. No agency commission is payable under the LOC, though exporters may remit commission from own funds or EEFC balances after full realisation, subject to remittance rules and Authorised Dealer Category I bank oversight. Circulars FEMA Thu, 02 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/circulars?id=55729