https://www.taxtmi.com/circulars?id=64524 Exim Bank's Government of India supported Line of Credit for reconstruction finances exports of eligible goods and services from India, requiring at least 75 per cent of contract value be supplied from India and allowing up to 25 per cent procurement from outside. The LoC is effective from September 15, 2020 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 pay from own resources or EEFC balances after realization and subject to extant instructions; AD Category I banks must notify exporters and facilitate compliant remittances. en-us Thu, 05 Nov 2020 00:00:00 +0530 Thu, 05 Nov 2020 19:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=64524 Exim Bank's Government of India supported Line of Credit for reconstruction finances exports of eligible goods and services from India, requiring at least 75 per cent of contract value be supplied from India and allowing up to 25 per cent procurement from outside. The LoC is effective from September 15, 2020 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 pay from own resources or EEFC balances after realization and subject to extant instructions; AD Category I banks must notify exporters and facilitate compliant remittances. Circulars FEMA Thu, 05 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/circulars?id=64524