https://www.taxtmi.com/circulars?id=64396 Exim Bank's Government of India-supported Line of Credit to Zimbabwe finances repowering of Hwange Thermal Power Station and permits financing of eligible exports from India consistent with the Foreign Trade Policy. At least 75 per cent of contract value must be supplied from India; up to 25 per cent may be procured abroad. Shipments must be declared in the Export Declaration Form. No agency commission is payable under the LoC, though exporters may use their own funds or EEFC balances for commission remittance after realization, subject to extant instructions; AD Category I banks must notify exporters and facilitate compliance. Directions are issued under FEMA. en-us Thu, 08 Oct 2020 00:00:00 +0530 Thu, 08 Oct 2020 16:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=64396 Exim Bank's Government of India-supported Line of Credit to Zimbabwe finances repowering of Hwange Thermal Power Station and permits financing of eligible exports from India consistent with the Foreign Trade Policy. At least 75 per cent of contract value must be supplied from India; up to 25 per cent may be procured abroad. Shipments must be declared in the Export Declaration Form. No agency commission is payable under the LoC, though exporters may use their own funds or EEFC balances for commission remittance after realization, subject to extant instructions; AD Category I banks must notify exporters and facilitate compliance. Directions are issued under FEMA. Circulars FEMA Thu, 08 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/circulars?id=64396