https://www.taxtmi.com/circulars?id=55731 A Government of India supported Line of Credit to Sierra Leone finances a transmission line project, requiring eligible goods and services with at least 75 per cent sourced from India and the balance procured abroad; the LOC is effective from February 16, 2017, mandates Export Declaration Form shipment declarations, prescribes a multi-year terminal utilization period after project completion, disallows agency commission under the LOC while permitting exporter-paid commissions from own funds or EEFC balances subject to AD Category-I bank approval after full realization, and is issued under the Foreign Exchange Management Act, 1999. en-us Thu, 02 Mar 2017 00:00:00 +0530 Thu, 02 Mar 2017 18:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=55731 A Government of India supported Line of Credit to Sierra Leone finances a transmission line project, requiring eligible goods and services with at least 75 per cent sourced from India and the balance procured abroad; the LOC is effective from February 16, 2017, mandates Export Declaration Form shipment declarations, prescribes a multi-year terminal utilization period after project completion, disallows agency commission under the LOC while permitting exporter-paid commissions from own funds or EEFC balances subject to AD Category-I bank approval after full realization, and is issued under the Foreign Exchange Management Act, 1999. Circulars FEMA Thu, 02 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/circulars?id=55731