https://www.taxtmi.com/circulars?id=58093 Exim Bank extended a Government of India supported Line of Credit to Tanzania to finance water supply projects, permitting financing of eligible exports from India under the Foreign Trade Policy. At least seventy five percent of contract value must be supplied from India, with the remainder procurable from outside India. The LoC specifies a terminal utilization period after project completion; shipments must be declared in the Export Declaration Form. No agency commission is payable under the LoC, though exporters may use own resources or EEFC balances for commission subject to realization and AD Category I bank compliance. Directions issued under FEMA. en-us Thu, 06 Dec 2018 00:00:00 +0530 Thu, 06 Dec 2018 17:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=58093 Exim Bank extended a Government of India supported Line of Credit to Tanzania to finance water supply projects, permitting financing of eligible exports from India under the Foreign Trade Policy. At least seventy five percent of contract value must be supplied from India, with the remainder procurable from outside India. The LoC specifies a terminal utilization period after project completion; shipments must be declared in the Export Declaration Form. No agency commission is payable under the LoC, though exporters may use own resources or EEFC balances for commission subject to realization and AD Category I bank compliance. Directions issued under FEMA. Circulars FEMA Thu, 06 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/circulars?id=58093