https://www.taxtmi.com/circulars?id=65310 Government-supported Line of Credit through Export-Import Bank of India finances exports for a Togolese solar electrification project conditional on export eligibility under the Foreign Trade Policy and a local content requirement that at least 75 per cent of contract value be supplied from India; shipments to be declared in the Export Declaration Form. The LoC imposes a terminal utilization period from project completion, disallows payable agency commission under the LoC while permitting exporter-funded commission subject to realization and instructions, and directs Authorised Dealer Category I banks to facilitate compliance. Directions are issued under the Foreign Exchange Management Act. en-us Thu, 23 Dec 2021 00:00:00 +0530 Thu, 23 Dec 2021 15:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=65310 Government-supported Line of Credit through Export-Import Bank of India finances exports for a Togolese solar electrification project conditional on export eligibility under the Foreign Trade Policy and a local content requirement that at least 75 per cent of contract value be supplied from India; shipments to be declared in the Export Declaration Form. The LoC imposes a terminal utilization period from project completion, disallows payable agency commission under the LoC while permitting exporter-funded commission subject to realization and instructions, and directs Authorised Dealer Category I banks to facilitate compliance. Directions are issued under the Foreign Exchange Management Act. Circulars FEMA Thu, 23 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/circulars?id=65310