https://www.taxtmi.com/circulars?id=57160 Government-supported Line of Credit through Exim Bank permits financing of eligible exports subject to Foreign Trade Policy eligibility. At least a specified portion of contract value must be supplied from India, with the balance procurable from outside India. Shipments under the LoC must be declared in the Export Declaration Form. No agency commission is payable from the LoC; exporters may pay commission from their own resources or Exchange Earners' Foreign Currency Accounts after realisation of export value, subject to extant instructions. AD Category I banks must notify exporters and the directions are issued under the Foreign Exchange Management Act. en-us Thu, 12 Jul 2018 00:00:00 +0530 Thu, 12 Jul 2018 18:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=57160 Government-supported Line of Credit through Exim Bank permits financing of eligible exports subject to Foreign Trade Policy eligibility. At least a specified portion of contract value must be supplied from India, with the balance procurable from outside India. Shipments under the LoC must be declared in the Export Declaration Form. No agency commission is payable from the LoC; exporters may pay commission from their own resources or Exchange Earners' Foreign Currency Accounts after realisation of export value, subject to extant instructions. AD Category I banks must notify exporters and the directions are issued under the Foreign Exchange Management Act. Circulars FEMA Thu, 12 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/circulars?id=57160