Line of Credit for export financing mandates majority Indian content, fixed disbursement windows and FEMA compliance. Exim Bank's Line of Credit to Mozambique finances a solar module manufacturing plant where at least 75 per cent of contract value must be supplied from India and up to 25 per cent of non-consultancy goods and services may be procured abroad. The Credit Agreement, effective April 23, 2012, prescribes 48-month disbursement limits from project completion for project exports and a 72-month disbursement window from execution for supply contracts.
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 financing mandates majority Indian content, fixed disbursement windows and FEMA compliance.
Exim Bank's Line of Credit to Mozambique finances a solar module manufacturing plant where at least 75 per cent of contract value must be supplied from India and up to 25 per cent of non-consultancy goods and services may be procured abroad. The Credit Agreement, effective April 23, 2012, prescribes 48-month disbursement limits from project completion for project exports and a 72-month disbursement window from execution for supply contracts.
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