https://www.taxtmi.com/circulars?id=64782 Government-supported Line of Credit by Export-Import Bank finances exports to Mozambique subject to 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. The LoC is effective from April 09, 2021 with a terminal utilization period of sixty months after scheduled project completion. Shipments must be declared in the Export Declaration Form. No agency commission is payable under the LoC; exporters may use their own funds or EEFC balances for commission and AD Category I banks may permit remittance after full realisation, subject to prevailing instructions. AD Category I banks must notify exporters and refer to Exim Bank for details. en-us Thu, 29 Apr 2021 00:00:00 +0530 Thu, 29 Apr 2021 17:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=64782 Government-supported Line of Credit by Export-Import Bank finances exports to Mozambique subject to 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. The LoC is effective from April 09, 2021 with a terminal utilization period of sixty months after scheduled project completion. Shipments must be declared in the Export Declaration Form. No agency commission is payable under the LoC; exporters may use their own funds or EEFC balances for commission and AD Category I banks may permit remittance after full realisation, subject to prevailing instructions. AD Category I banks must notify exporters and refer to Exim Bank for details. Circulars FEMA Thu, 29 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/circulars?id=64782