https://www.taxtmi.com/circulars?id=55761 A Government of India supported Line of Credit from Exim Bank to Guyana finances an ocean ferry and eligible exports under the Foreign Trade Policy, requiring at least 75% Indian supply and permitting up to 25% foreign procurement. The LOC is effective from March 2017 with a 60 month terminal utilization period post completion; shipments must be declared on the Export Declaration Form. No agency commission is payable under the LOC, though exporters may remit commission from their own resources or EEFC balances subject to realization and extant rules; AD Category I banks must inform exporters and facilitate compliance. Directions are issued under FEMA. en-us Thu, 16 Mar 2017 00:00:00 +0530 Thu, 16 Mar 2017 18:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=55761 A Government of India supported Line of Credit from Exim Bank to Guyana finances an ocean ferry and eligible exports under the Foreign Trade Policy, requiring at least 75% Indian supply and permitting up to 25% foreign procurement. The LOC is effective from March 2017 with a 60 month terminal utilization period post completion; shipments must be declared on the Export Declaration Form. No agency commission is payable under the LOC, though exporters may remit commission from their own resources or EEFC balances subject to realization and extant rules; AD Category I banks must inform exporters and facilitate compliance. Directions are issued under FEMA. Circulars FEMA Thu, 16 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/circulars?id=55761