Line of Credit establishes export financing with Indian content and LC/disbursement timelines under foreign exchange rules. Exim Bank extended a Line of Credit to Guyana to finance eligible Indian exports for fixed and mobile irrigation pumps, requiring at least 85% of contract value to be supplied from India and permitting up to 15% of non consultancy goods/services to be sourced abroad. The Credit Agreement is effective from July 19, 2011 and sets LC and disbursement windows (48 months from project completion for projects; 72 months from execution for supplies). Shipments must be declared on GR/SDF forms; no agency commission is payable under the LOC though exporters may remit commission from own funds or EEFC balances after realization.
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 establishes export financing with Indian content and LC/disbursement timelines under foreign exchange rules.
Exim Bank extended a Line of Credit to Guyana to finance eligible Indian exports for fixed and mobile irrigation pumps, requiring at least 85% of contract value to be supplied from India and permitting up to 15% of non consultancy goods/services to be sourced abroad. The Credit Agreement is effective from July 19, 2011 and sets LC and disbursement windows (48 months from project completion for projects; 72 months from execution for supplies). Shipments must be declared on GR/SDF forms; no agency commission is payable under the LOC though exporters may remit commission from own funds or EEFC balances after realization.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
