Line of Credit conditions require predominantly Indian-sourced exports for Ethiopia, specified disbursement timelines and FEMA compliance. Exim Bank made a Line of Credit available to Ethiopia to finance eligible Indian goods and services for sugar-industry development, requiring predominant Indian supply content with limited foreign procurement permitted; the agreement prescribes specific windows for opening Letters of Credit and disbursement for project and supply contracts, mandates GR/SDF shipment reporting, prohibits agency commission under the LOC while permitting exporter-funded commission subject to realisation and rules, and directs Authorised Dealer Category-I banks to notify exporters and facilitate compliance, pursuant to FEMA directions.
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.
Line of Credit conditions require predominantly Indian-sourced exports for Ethiopia, specified disbursement timelines and FEMA compliance.
Exim Bank made a Line of Credit available to Ethiopia to finance eligible Indian goods and services for sugar-industry development, requiring predominant Indian supply content with limited foreign procurement permitted; the agreement prescribes specific windows for opening Letters of Credit and disbursement for project and supply contracts, mandates GR/SDF shipment reporting, prohibits agency commission under the LOC while permitting exporter-funded commission subject to realisation and rules, and directs Authorised Dealer Category-I banks to notify exporters and facilitate compliance, pursuant to FEMA directions.
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