Line of Credit conditions: export supply must be predominantly from India and compliance required under FEMA directions. Exim Bank's Line of Credit to Guyana finances eligible goods, services and consultancy for a multispecialty hospital with at least 75 per cent of contract value supplied by Indian sellers and up to 25 per cent (excluding consultancy) procured abroad. The Credit Agreement is effective December 20, 2012, with prescribed last dates for Letters of Credit and disbursement; shipments must be declared on GR/SDF Forms. No agency commission is payable under the LOC, though exporters may use their own resources or EEFC balances for commission subject to remittance rules. AD Category-I banks must notify exporters; directions issued under FEMA.
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Provisions expressly mentioned in the judgment/order text.
Line of Credit conditions: export supply must be predominantly from India and compliance required under FEMA directions.
Exim Bank's Line of Credit to Guyana finances eligible goods, services and consultancy for a multispecialty hospital with at least 75 per cent of contract value supplied by Indian sellers and up to 25 per cent (excluding consultancy) procured abroad. The Credit Agreement is effective December 20, 2012, with prescribed last dates for Letters of Credit and disbursement; shipments must be declared on GR/SDF Forms. No agency commission is payable under the LOC, though exporters may use their own resources or EEFC balances for commission subject to remittance rules. AD Category-I banks must notify exporters; directions issued under FEMA.
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