https://www.taxtmi.com/circulars?id=57637 Exim Bank's Government of India supported Line of Credit to Suriname finances eligible exports for transmission network upgrades, requiring at least 75 per cent of each contract's value to be supplied from India and allowing up to 25 per cent foreign procurement; shipments must be declared in the Export Declaration Form, no agency commission is payable under the LoC though exporters may use own funds or EEFC balances for commission subject to AD Category I compliance, and AD Category I banks must notify exporter constituents of LoC details. Directions issued under FEMA remain without prejudice to other approvals. en-us Thu, 15 Nov 2018 00:00:00 +0530 Thu, 15 Nov 2018 17:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=57637 Exim Bank's Government of India supported Line of Credit to Suriname finances eligible exports for transmission network upgrades, requiring at least 75 per cent of each contract's value to be supplied from India and allowing up to 25 per cent foreign procurement; shipments must be declared in the Export Declaration Form, no agency commission is payable under the LoC though exporters may use own funds or EEFC balances for commission subject to AD Category I compliance, and AD Category I banks must notify exporter constituents of LoC details. Directions issued under FEMA remain without prejudice to other approvals. Circulars FEMA Thu, 15 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/circulars?id=57637