https://www.taxtmi.com/circulars?id=55829 A Government of India supported Line of Credit of US dollar four million has been extended by Export-Import Bank of India to the Government of Guyana to finance procurement of high-capacity fixed and mobile drainage pumps and associated structures. The credit finances exports of eligible goods and services from India; suppliers must source at least 75 per cent of the contract price from India while up to 25 per cent may be procured from abroad. Shipments under the LoC must be declared on the Export Declaration Form, and AD Category I banks must notify exporters and advise them to obtain full details from Exim Bank. No agency commission is payable under the LoC, though exporters may use own funds or EEFC balances for commission after realization. en-us Thu, 04 May 2017 00:00:00 +0530 Thu, 04 May 2017 17:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=55829 A Government of India supported Line of Credit of US dollar four million has been extended by Export-Import Bank of India to the Government of Guyana to finance procurement of high-capacity fixed and mobile drainage pumps and associated structures. The credit finances exports of eligible goods and services from India; suppliers must source at least 75 per cent of the contract price from India while up to 25 per cent may be procured from abroad. Shipments under the LoC must be declared on the Export Declaration Form, and AD Category I banks must notify exporters and advise them to obtain full details from Exim Bank. No agency commission is payable under the LoC, though exporters may use own funds or EEFC balances for commission after realization. Circulars FEMA Thu, 04 May 2017 00:00:00 +0530 https://www.taxtmi.com/circulars?id=55829