Line of Credit for infrastructure financing enables import of eligible Indian goods and services with specified domestic content, documentation. Exim Bank extended a Line of Credit to Nepal to fund infrastructure-related imports of eligible Indian machinery, equipment, goods and consultancy, requiring at least 75% Indian content in contract value (with limited 25% non-Indian procurement), subject to possible reduction with borrower and governmental approval. The Credit Agreement is effective from June 29, 2012; LC opening and disbursement deadlines are set by contract type. Shipments must be declared on GR/SDF forms. No agency commission is payable under the LOC, though exporters may use own funds or EEFC balances for commission remittance subject to realisation and compliance; AD Category-I banks must inform exporters and facilitate compliance.
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 infrastructure financing enables import of eligible Indian goods and services with specified domestic content, documentation.
Exim Bank extended a Line of Credit to Nepal to fund infrastructure-related imports of eligible Indian machinery, equipment, goods and consultancy, requiring at least 75% Indian content in contract value (with limited 25% non-Indian procurement), subject to possible reduction with borrower and governmental approval. The Credit Agreement is effective from June 29, 2012; LC opening and disbursement deadlines are set by contract type. Shipments must be declared on GR/SDF forms. No agency commission is payable under the LOC, though exporters may use own funds or EEFC balances for commission remittance subject to realisation and compliance; AD Category-I banks must inform exporters and facilitate compliance.
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