Line of Credit terms require majority Indian supply and GR/SDF compliance, with restricted agency commission provisions. Exim Bank's Line of Credit to Mozambique finances eligible Indian exports for agricultural productivity; at least 75 percent of contract value for goods and services (including consultancy) must be supplied from India while up to 25 percent of non consultancy goods may be procured abroad. Shipments must be declared on GR/SDF forms; no agency commission is payable under the LOC though exporters may remit commission from their own resources or EEFC balances after realization. AD Category I banks must inform exporters. Directions are issued under FEMA without prejudice to other statutory permissions.
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 terms require majority Indian supply and GR/SDF compliance, with restricted agency commission provisions.
Exim Bank's Line of Credit to Mozambique finances eligible Indian exports for agricultural productivity; at least 75 percent of contract value for goods and services (including consultancy) must be supplied from India while up to 25 percent of non consultancy goods may be procured abroad. Shipments must be declared on GR/SDF forms; no agency commission is payable under the LOC though exporters may remit commission from their own resources or EEFC balances after realization. AD Category I banks must inform exporters. Directions are issued under FEMA without prejudice to other statutory permissions.
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