Line of Credit for export finance requires majority Indian sourcing and specific LC and disbursement timelines under FEMA. A Line of Credit from Export-Import Bank of India finances exports of eligible goods and consultancy services for specified railway projects and mutually approved contracts in Sri Lanka, requiring at least 75% of contract value to be supplied from India and permitting up to 25% of non-consultancy goods to be procured abroad; Letters of Credit and disbursement timings differ for project and supply contracts and shipments must be declared on GR/SDF forms in accordance with Reserve Bank instructions.
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 export finance requires majority Indian sourcing and specific LC and disbursement timelines under FEMA.
A Line of Credit from Export-Import Bank of India finances exports of eligible goods and consultancy services for specified railway projects and mutually approved contracts in Sri Lanka, requiring at least 75% of contract value to be supplied from India and permitting up to 25% of non-consultancy goods to be procured abroad; Letters of Credit and disbursement timings differ for project and supply contracts and shipments must be declared on GR/SDF forms in accordance with Reserve Bank instructions.
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