https://www.taxtmi.com/circulars?id=68605 Government-supported Line of Credit permits financing of imports for refinery construction from India subject to export eligibility under the Foreign Trade Policy; the LoC is effective from the agreement date with final disbursement due 48 months after scheduled contract completion. Shipments must be declared in the Export Declaration Form/Shipping Bill per Reserve Bank instructions. No agency commission is payable under the LoC, but exporters may use own funds or Exchange Earners' Foreign Currency Account balances for commission after realization, subject to remittance rules; AD Category-I banks must notify exporters and direct them to Exim Bank for details. en-us Fri, 16 May 2025 00:00:00 +0530 Fri, 16 May 2025 17:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=68605 Government-supported Line of Credit permits financing of imports for refinery construction from India subject to export eligibility under the Foreign Trade Policy; the LoC is effective from the agreement date with final disbursement due 48 months after scheduled contract completion. Shipments must be declared in the Export Declaration Form/Shipping Bill per Reserve Bank instructions. No agency commission is payable under the LoC, but exporters may use own funds or Exchange Earners' Foreign Currency Account balances for commission after realization, subject to remittance rules; AD Category-I banks must notify exporters and direct them to Exim Bank for details. Circulars FEMA Fri, 16 May 2025 00:00:00 +0530 https://www.taxtmi.com/circulars?id=68605