Line of credit enabling export finance with specified Indian sourcing and documentation requirements under foreign exchange directions. Exim Bank's Line of Credit finances eligible Indian exports for a Maldives housing project, requiring at least 75 per cent of contract value to be supplied from India and permitting up to 25 per cent non consultancy procurement abroad; shipments must be declared on GR/SDF forms, no agency commission is payable under the LOC (exporters may use own funds or EEFC balances for commission subject to AD Category I compliance), and timelines for L/C opening and disbursement vary by contract type under RBI directions issued under the Foreign Exchange Management Act.
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 enabling export finance with specified Indian sourcing and documentation requirements under foreign exchange directions.
Exim Bank's Line of Credit finances eligible Indian exports for a Maldives housing project, requiring at least 75 per cent of contract value to be supplied from India and permitting up to 25 per cent non consultancy procurement abroad; shipments must be declared on GR/SDF forms, no agency commission is payable under the LOC (exporters may use own funds or EEFC balances for commission subject to AD Category I compliance), and timelines for L/C opening and disbursement vary by contract type under RBI directions issued under the Foreign Exchange Management Act.
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