Line of Credit conditions require predominant domestic-supply content and specified timelines for letters of credit and disbursement. Authorisation for two concessional Lines of Credit to finance eligible goods and consultancy services for a specified infrastructure project requires at least seventy-five percent of contract value to be supplied from the lending country, permits limited external procurement, sets distinct timelines for opening Letters of Credit and disbursement for project versus supply contracts, mandates shipment declarations on prescribed export forms, disallows agency commission under the LOCs except from exporter resources subject to remittance rules, and is issued under foreign exchange management powers without prejudice to other statutory approvals.
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 predominant domestic-supply content and specified timelines for letters of credit and disbursement.
Authorisation for two concessional Lines of Credit to finance eligible goods and consultancy services for a specified infrastructure project requires at least seventy-five percent of contract value to be supplied from the lending country, permits limited external procurement, sets distinct timelines for opening Letters of Credit and disbursement for project versus supply contracts, mandates shipment declarations on prescribed export forms, disallows agency commission under the LOCs except from exporter resources subject to remittance rules, and is issued under foreign exchange management powers without prejudice to other statutory approvals.
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