Line of Credit for export financing extends Exim Bank support to Kazakhstan buyers with declaration and commission conditions. Exim Bank's Line of Credit to Bank TuranAlem, Kazakhstan finances exports eligible under the Exim Policy; the agreement is effective from March 24, 2004 with last dates for opening Letters of Credit and final disbursement on March 23, 2006 and September 23, 2006 respectively. Shipments must be declared on GR/SDF forms. No agency commission is normally payable; RBI may permit up to 5% commission for exports needing after sales service, payable in Kazakhstan by invoice deduction, with Exim Bank reimbursing 90% of the f.o.b./c&f/c.i.f. value minus commission after prior approval. Directions issued under FEMA sections cited.
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 extends Exim Bank support to Kazakhstan buyers with declaration and commission conditions.
Exim Bank's Line of Credit to Bank TuranAlem, Kazakhstan finances exports eligible under the Exim Policy; the agreement is effective from March 24, 2004 with last dates for opening Letters of Credit and final disbursement on March 23, 2006 and September 23, 2006 respectively. Shipments must be declared on GR/SDF forms. No agency commission is normally payable; RBI may permit up to 5% commission for exports needing after sales service, payable in Kazakhstan by invoice deduction, with Exim Bank reimbursing 90% of the f.o.b./c&f/c.i.f. value minus commission after prior approval. Directions issued under FEMA sections cited.
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