Import Bank of India’s GOI-supported Line of Credit of USD 120 mn to the Government of the Socialist Republic of Vietnam (GO-VNM) for procurement of High-Speed Guard Boats in the Borrower’s Country https://www.taxtmi.com/circulars?id=68136 A Line of Credit from Exim Bank to Vietnam finances procurement of high-speed guard boats from India; eligible exports must meet Foreign Trade Policy criteria, be declared in the Export Declaration Form/Shipping Bill per RBI instructions, and adhere to the LoC's disbursement timetable. Agency commission is not payable from the LoC; exporters may use their own funds or EEFC balances for commission in free foreign exchange, with AD Category-I banks allowed to remit after full export value realization and compliance with applicable instructions. Directions are issued under FEMA without prejudice to other required approvals. en-us Thu, 13 Feb 2025 00:00:00 +0530 Thu, 13 Feb 2025 18:50:00 +0530 TaxTMI RSS Generator Import Bank of India’s GOI-supported Line of Credit of USD 120 mn to the Government of the Socialist Republic of Vietnam (GO-VNM) for procurement of High-Speed Guard Boats in the Borrower’s Country https://www.taxtmi.com/circulars?id=68136 A Line of Credit from Exim Bank to Vietnam finances procurement of high-speed guard boats from India; eligible exports must meet Foreign Trade Policy criteria, be declared in the Export Declaration Form/Shipping Bill per RBI instructions, and adhere to the LoC's disbursement timetable. Agency commission is not payable from the LoC; exporters may use their own funds or EEFC balances for commission in free foreign exchange, with AD Category-I banks allowed to remit after full export value realization and compliance with applicable instructions. Directions are issued under FEMA without prejudice to other required approvals. Circulars FEMA Thu, 13 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/circulars?id=68136