https://www.taxtmi.com/circulars?id=57161 A Government of India supported Line of Credit of USD 17.50 million through Exim Bank finances hospital upgrades in Guyana, requiring at least 75 per cent of contract value for goods and services to be supplied from India and allowing up to 25 per cent external procurement. The LoC is effective from June 12, 2018, with a terminal utilization period of sixty months after scheduled completion. Shipments must be declared in the Export Declaration Form; no agency commission is payable under the LoC though exporters may remit commission from their own resources or EEFC balances subject to AD Category I bank compliance. The directions are issued under FEMA. en-us Thu, 12 Jul 2018 00:00:00 +0530 Thu, 12 Jul 2018 18:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=57161 A Government of India supported Line of Credit of USD 17.50 million through Exim Bank finances hospital upgrades in Guyana, requiring at least 75 per cent of contract value for goods and services to be supplied from India and allowing up to 25 per cent external procurement. The LoC is effective from June 12, 2018, with a terminal utilization period of sixty months after scheduled completion. Shipments must be declared in the Export Declaration Form; no agency commission is payable under the LoC though exporters may remit commission from their own resources or EEFC balances subject to AD Category I bank compliance. The directions are issued under FEMA. Circulars FEMA Thu, 12 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/circulars?id=57161