https://www.taxtmi.com/circulars?id=55820 Exim Bank's Government-supported Line of Credit for Project Trident finances eligible exports from India with a requirement that at least 75 percent of contract value be supplied from India and up to 25 percent may be procured abroad; effective April 3, 2017, the LoC allows a terminal utilization period of 60 months after project completion, mandates Export Declaration Form filing, prohibits agency commission payable under the LoC while permitting exporter-funded or EEFC-funded commission payments after realization, and instructs AD Category I banks to inform exporters and obtain full LoC details from Exim Bank, issued under the Foreign Exchange Management Act. en-us Thu, 27 Apr 2017 00:00:00 +0530 Thu, 27 Apr 2017 17:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=55820 Exim Bank's Government-supported Line of Credit for Project Trident finances eligible exports from India with a requirement that at least 75 percent of contract value be supplied from India and up to 25 percent may be procured abroad; effective April 3, 2017, the LoC allows a terminal utilization period of 60 months after project completion, mandates Export Declaration Form filing, prohibits agency commission payable under the LoC while permitting exporter-funded or EEFC-funded commission payments after realization, and instructs AD Category I banks to inform exporters and obtain full LoC details from Exim Bank, issued under the Foreign Exchange Management Act. Circulars FEMA Thu, 27 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/circulars?id=55820