https://www.taxtmi.com/circulars?id=55760 Government-supported Line of Credit by Export-Import Bank for a Guyana road project sets financing and compliance conditions: eligible exports under India's Foreign Trade Policy may be financed, at least 75 per cent of contract value must be supplied from India with up to 25 per cent sourced abroad, and shipments must be declared on the Export Declaration Form. No agency commission payable from the LOC, but exporters may pay commission from their own funds or exchange-earner balances subject to realisation and remittance rules; AD Category-I banks must inform exporters and obtain LOC details from Exim Bank. en-us Thu, 16 Mar 2017 00:00:00 +0530 Thu, 16 Mar 2017 18:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=55760 Government-supported Line of Credit by Export-Import Bank for a Guyana road project sets financing and compliance conditions: eligible exports under India's Foreign Trade Policy may be financed, at least 75 per cent of contract value must be supplied from India with up to 25 per cent sourced abroad, and shipments must be declared on the Export Declaration Form. No agency commission payable from the LOC, but exporters may pay commission from their own funds or exchange-earner balances subject to realisation and remittance rules; AD Category-I banks must inform exporters and obtain LOC details from Exim Bank. Circulars FEMA Thu, 16 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/circulars?id=55760