https://www.taxtmi.com/circulars?id=65016 Government-supported Line of Credit by Exim Bank to Mauritius finances procurement of defence items from India subject to the Foreign Trade Policy; at least 75 per cent of contract value must be supplied from India with up to 25 per cent procured abroad. The Agreement is effective from July 22, 2021, 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 use own resources or EEFC balances for commission subject to AD bank compliance. en-us Thu, 12 Aug 2021 00:00:00 +0530 Thu, 12 Aug 2021 17:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=65016 Government-supported Line of Credit by Exim Bank to Mauritius finances procurement of defence items from India subject to the Foreign Trade Policy; at least 75 per cent of contract value must be supplied from India with up to 25 per cent procured abroad. The Agreement is effective from July 22, 2021, 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 use own resources or EEFC balances for commission subject to AD bank compliance. Circulars FEMA Thu, 12 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/circulars?id=65016