Line of Credit for project and supply exports sets sourcing, disbursement timelines, documentation and commission remittance conditions. Exim Bank's Line of Credit finances eligible goods, machinery, equipment and consultancy services for the Kabu Hydro Electric Project with at least 75 per cent of contract value supplied from India and up to 25 per cent (excluding consultancy) procured abroad; disbursement windows differ for project and supply contracts. Shipments must be declared on GR/SDF Forms. No agency commission is payable under the LOC, but exporters may remit commission from their own resources or Exchange Earners' Foreign Currency Accounts in free foreign exchange after full realisation and subject to AD Category-I bank compliance with prevailing rules.
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 for project and supply exports sets sourcing, disbursement timelines, documentation and commission remittance conditions.
Exim Bank's Line of Credit finances eligible goods, machinery, equipment and consultancy services for the Kabu Hydro Electric Project with at least 75 per cent of contract value supplied from India and up to 25 per cent (excluding consultancy) procured abroad; disbursement windows differ for project and supply contracts. Shipments must be declared on GR/SDF Forms. No agency commission is payable under the LOC, but exporters may remit commission from their own resources or Exchange Earners' Foreign Currency Accounts in free foreign exchange after full realisation and subject to AD Category-I bank compliance with prevailing rules.
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