https://www.taxtmi.com/circulars?id=65031 Government-supported Line of Credit to Guinea authorises Exim Bank to finance eligible exports for hospital construction and upgradation, requiring that a majority of contract value be supplied from India and that shipments be declared in the Export Declaration Form. No agency commission is payable from the LoC; exporters may pay commission from their own resources or Exchange Earners' Foreign Currency Account subject to realisation and extant rules. Authorised Dealer Category-I banks must inform exporters, permit remittance after full realisation, and seek LoC details from Exim Bank. The circular is issued under FEMA and without prejudice to other legal permissions. en-us Thu, 19 Aug 2021 00:00:00 +0530 Thu, 19 Aug 2021 17:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=65031 Government-supported Line of Credit to Guinea authorises Exim Bank to finance eligible exports for hospital construction and upgradation, requiring that a majority of contract value be supplied from India and that shipments be declared in the Export Declaration Form. No agency commission is payable from the LoC; exporters may pay commission from their own resources or Exchange Earners' Foreign Currency Account subject to realisation and extant rules. Authorised Dealer Category-I banks must inform exporters, permit remittance after full realisation, and seek LoC details from Exim Bank. The circular is issued under FEMA and without prejudice to other legal permissions. Circulars FEMA Thu, 19 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/circulars?id=65031