Line of Credit to finance eligible Indian exports to ECOWAS with sourcing requirements and RBI compliance obligations. Exim Bank made available a Line of Credit to EBID to finance eligible Indian exports to ECOWAS member states; exports must meet Foreign Trade Policy eligibility and at least 75% of contract value must be supplied from India (remaining 25% excluding consultancy may be procured outside India). The Credit Agreement effective date and distinct timeframes apply for Letters of Credit and disbursement: 48 months for project exports from scheduled completion and 72 months for supply contracts from execution. Shipments must be declared on GR/SDF forms; no agency commission under the LOC, though exporters may use own funds or EEFC balances for commission subject to AD Category-I bank compliance. Directions issued under FEMA sections 10(4) and 11(1).
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 to finance eligible Indian exports to ECOWAS with sourcing requirements and RBI compliance obligations.
Exim Bank made available a Line of Credit to EBID to finance eligible Indian exports to ECOWAS member states; exports must meet Foreign Trade Policy eligibility and at least 75% of contract value must be supplied from India (remaining 25% excluding consultancy may be procured outside India). The Credit Agreement effective date and distinct timeframes apply for Letters of Credit and disbursement: 48 months for project exports from scheduled completion and 72 months for supply contracts from execution. Shipments must be declared on GR/SDF forms; no agency commission under the LOC, though exporters may use own funds or EEFC balances for commission subject to AD Category-I bank compliance. Directions issued under FEMA sections 10(4) and 11(1).
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