Register Daily Newsletters My Bookmarks My Queries (D. Forum) My Replies (D. Forum) My Articles My Inbox (PM) Feedback/ Suggestions
Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding

   For Sales / Support:
WhatsApp WhatsApp 9911796707
Case Laws Acts Notifications Circulars Classification Forms Manuals Articles News D. Forum Highlights Notes
TMI - e-Newsletter     TaxTMI    GST authorities can't bypass procedural safeguards...     TaxTMI    Preliminary GST notice issued for discrepancy,...     TaxTMI    Lack of tangible evidence leads to invalid income...     TaxTMI    Deductibility of depreciation on glow sign boards...     TaxTMI    Deficient show cause notice lacking factual details...     TaxTMI    Interim relief granted for reversing ITC availed in...     TaxTMI    Jurisdictional Assessing Officer's notice invalid...     TaxTMI    Exporters diverted tea shipment, obtained proceeds...     TaxTMI    Amendment extends transitional provisions for Sea...     TaxTMI    Tax liability determined via audit findings upheld...     TaxTMI    Provisional attachment of bank accounts upheld...     TaxTMI    Cryptic notice on GST registration cancellation...     TaxTMI    Notification questioned over lack of Council nod;...     TaxTMI    Contractor's handover of constructed assets on govt...     TaxTMI    Receivables Interest Imputation Debated: Court...     TaxTMI    Latest Case-Laws     TaxTMI    Latest Notifications + Circulars     TaxTMI    GST Council Decisions     TaxTMI       Right Stop
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
FEMA - Highlights / Catch Notes

Home Highlights July 2024 Year 2024 This

Export-Import Bank of India provided Government of India ...


Govt. of India provides $2.5M LoC to Guyana for solar plant at airport. 75% Indian export, 25% foreign sourcing allowed. Effective Jun'24, 48 months disbursement.

Circulars     FEMA

July 8, 2024

Export-Import Bank of India provided Government of India supported Line of Credit (LoC) of USD 2.50 million to Government of Co-operative Republic of Guyana for installation of Solar Photo Voltaic Power Plant at Cheddi Jagan International Airport. Export of eligible goods and services from India allowed, subject to Foreign Trade Policy. At least 75% contract value to be supplied from India, remaining 25% may be procured from outside India. LoC effective from June 24, 2024, with 48 months disbursement period after project completion. Exports under LoC to be declared as per RBI instructions. No agency commission payable, but exporter may use own resources for commission payment after export realization. Authorised Dealer banks to advise exporters accordingly.

View Source

 

← Previous Next →

 

You may also like:

  1. The Export-Import Bank of India (Exim Bank) provided a Government of India-supported Line of Credit (LoC) of USD 23.37 mn to the Government of the Co-operative Republic...

  2. Export turnover brought into India does not qualify as 75% of total turnover for claiming exemption u/s 10A. Expenditure incurred in foreign exchange must be excluded...

  3. Input tax credit - inputs / capital goods / input services - Solar Power Generating Plant of the applicant qualify as 'plant and machinery' as it falls under machinery -...

  4. Disallowance of higher reduction of depreciation on the cost of civil engineering works for laying foundation of solar power panels - the expenditure which is incurred...

  5. Unexplained credit u/s 68 - Partially genuine - As per AO, an individual creditor is true up to 75% level and untrue up to 25% level, which is unheard practice because a...

  6. Amendments in the Appendix 3B, Table 2 of the Merchandise Exports from India Scheme (MEIS)

  7. Amendments in the Appendix 3B, Table 2 of the Merchandise Exports from India Scheme (MEIS)

  8. Charitable trust provided educational grants to Indian students for pursuing higher education abroad. The issue pertained to whether such grants constituted "application...

  9. Assessee, a non-resident Indian residing outside India for over 25 years, challenged the jurisdiction of Income Tax Officer (ITO), Ward 2(2), Ajmer to issue notice u/s...

  10. Levy of service tax - Export of services or not - amount has been received in Indian Currency - The tribunal concluded that the service provided by the appellant...

  11. Airport services - whether the term "any service provided" covers only the taxable services" or it covers any service provided by AAI or person authorized by it in the...

  12. Composite supply - natural bundling - The supply of the PV module which is the major component of the Solar Power Plant is not naturally bundled with the supply of the...

  13. Exim Bank's Line of Credit (LOC) of USD 20 million to Nigerian Export-Import Bank - Circular

  14. Income accrued in India - providing bandwidth services outside India - The assessee company is a tax resident of Singapore, which is providing band width services to the...

  15. Levy of CGST and IGST - Duty Free Shops (DFS) at Airport - All the DFSs are situated at international airports i.e. at Cochin and Calicut, which are beyond the customs...

 

Quick Updates:Latest Updates

What's New:
    Latest Case Laws
What's New:
    Latest Notifications
What's New:
    Latest Circulars
H: Expanded Import of Raw & Calcined Pet Coke for Multiple Industries, No...
H: Govt allows 1-year extension for Odisha to complete Red Sanders log ex...
H: India exempts export of petrol, diesel to Bhutan from Road Cess; expor...
H: Petrol & diesel exports to Bhutan exempted from Special Additional Exc...
H: Aviation fuel exported to Bhutan exempted from special excise duty eff...
H: Amendments to SCOMET items list for 2024 by Indian govt.
H: GST registration cancellation notice lacked valid reasons, court quash...
H: Dealer's Entitlement to GST Refund on Excess Input Tax Credit Upheld.
H: Tax Turmoil: GST Notification Challenged as Ultra Vires.
H: Traders' GST registration restored if pending returns filed, tax dues ...
H: Parking system installation disallowed for input tax credit - civil st...
C: Modification in the timeline for submission of status regarding paymen...
N: Appointment of Common Adjudicating Authority
C: Liberalised Remittance Scheme (LRS) for Resident Individuals-Discontin...
F: Audit under Section 65 of CGST
F: ITC AVAILABLE ON LIFT INSTALLED IN COMMERCIAL BUILDING GIVEN FOR RENT
F: Which Tax Applicable on Direct Sale
A: RECENT DEVELOPMENTS IN GST
A: Penalty not leviable due to expiry of E-way bill when there is no inte...
H: Upholding AO's statutory power, Court validates assessment u/s 144 des...
H: Validity of Income Tax Order: Can Legal Question be Raised Directly in...
H: Statutory time limit cannot be imposed through CBDT circular for compo...
H: Taxman's prudence on valuation report & jurisdiction prevails.
F: Movement Between same GST Units
N: Tax Ward Allocation and Large Taxpayer Unit Jurisdiction in Goa
A: NON-PAYMENT OF ADVANCE TAX
A: Assessing Officer must provide a reasonable opportunity for personal h...
N: Corrigendum - Notification No. 57/2024-Customs (N.T.), dated the 31st ...
N: Appointment of Common Adjudicating Authority
A: APPLICATION FOR COMPROMISES, ARRANGEMENT AND AMALGAMATION