Export credit term limits restrict extended payment periods and require central bank approval for exceptions under reasonable cause. Prohibits export contracts providing for a payment period exceeding nine months, with an exception allowing the Reserve Bank to grant approval for longer terms where reasonable and sufficient cause is shown.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Export credit term limits restrict extended payment periods and require central bank approval for exceptions under reasonable cause.
Prohibits export contracts providing for a payment period exceeding nine months, with an exception allowing the Reserve Bank to grant approval for longer terms where reasonable and sufficient cause is shown.
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