https://www.taxtmi.com/circulars?id=56446 Government-supported Line of Credit finances exports of eligible goods and services for establishment of vocational training and business incubation centres; at least 75 per cent of contract value must be supplied from India with up to 25 per cent procured from outside. Shipments under the LoC must be declared on the Export Declaration Form. No agency commission is payable under the LoC, although exporters may remit commission from their own funds or Exchange Earners' Foreign Currency Accounts after realisation, subject to extant remittance rules and Authorised Dealer compliance under FEMA. en-us Thu, 16 Nov 2017 00:00:00 +0530 Thu, 16 Nov 2017 17:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=56446 Government-supported Line of Credit finances exports of eligible goods and services for establishment of vocational training and business incubation centres; at least 75 per cent of contract value must be supplied from India with up to 25 per cent procured from outside. Shipments under the LoC must be declared on the Export Declaration Form. No agency commission is payable under the LoC, although exporters may remit commission from their own funds or Exchange Earners' Foreign Currency Accounts after realisation, subject to extant remittance rules and Authorised Dealer compliance under FEMA. Circulars FEMA Thu, 16 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/circulars?id=56446