https://www.taxtmi.com/circulars?id=66009 A Government of India supported Line of Credit from Exim Bank to SBM (Mauritius) finances participation in Phase IV of the Mauritius Metro Express Project, permitting exports from India subject to the Foreign Trade Policy. The LoC mandates at least 75 per cent of contract value be supplied from India and allows up to 25 per cent foreign procurement; shipments must be declared in Export Declaration Form/Shipping Bill. No agency commission is payable under the LoC, though exporters may use their own funds or EEFC balances after realisation, subject to AD Category I bank compliance. The circular is issued under FEMA and does not affect other legal permissions. en-us Thu, 17 Nov 2022 00:00:00 +0530 Fri, 18 Nov 2022 12:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=66009 A Government of India supported Line of Credit from Exim Bank to SBM (Mauritius) finances participation in Phase IV of the Mauritius Metro Express Project, permitting exports from India subject to the Foreign Trade Policy. The LoC mandates at least 75 per cent of contract value be supplied from India and allows up to 25 per cent foreign procurement; shipments must be declared in Export Declaration Form/Shipping Bill. No agency commission is payable under the LoC, though exporters may use their own funds or EEFC balances after realisation, subject to AD Category I bank compliance. The circular is issued under FEMA and does not affect other legal permissions. Circulars FEMA Thu, 17 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/circulars?id=66009