https://www.taxtmi.com/circulars?id=56918 Authorization is granted for a Government of India supported Line of Credit by Exim Bank to finance eligible exports of goods and services and consultancy for development projects, subject to Foreign Trade Policy eligibility and Export Declaration Form requirements. The LoC sets a terminal utilization period from project completion. Sourcing rules require at least seventy-five percent of contract value to be supplied from India, with reduced thresholds for civil construction and possible further reductions by Exim Bank where sourcing is not from a third country. No agency commission is payable under the LoC; commissions may be paid from exporter resources or Exchange Earners' Foreign Currency Account balances post-realization. en-us Thu, 05 Apr 2018 00:00:00 +0530 Thu, 05 Apr 2018 18:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=56918 Authorization is granted for a Government of India supported Line of Credit by Exim Bank to finance eligible exports of goods and services and consultancy for development projects, subject to Foreign Trade Policy eligibility and Export Declaration Form requirements. The LoC sets a terminal utilization period from project completion. Sourcing rules require at least seventy-five percent of contract value to be supplied from India, with reduced thresholds for civil construction and possible further reductions by Exim Bank where sourcing is not from a third country. No agency commission is payable under the LoC; commissions may be paid from exporter resources or Exchange Earners' Foreign Currency Account balances post-realization. Circulars FEMA Thu, 05 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/circulars?id=56918