Line of credit to foreign government permits specified project and eligible exports under export policy, subject to FEMA directions. Exim Bank made a Line of Credit available to the Government of Suriname with a designated portion for an electrical transmission line by specified Indian firms and the balance for other exports under the Foreign Trade Policy; letters of credit and disbursement deadlines apply, shipments must be declared on GR/SDF forms, no agency commission is payable from the credit, authorised dealers must notify exporters and obtain full LOC details from Exim Bank, and the direction is issued under FEMA without prejudice to other statutory permissions.
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 to foreign government permits specified project and eligible exports under export policy, subject to FEMA directions.
Exim Bank made a Line of Credit available to the Government of Suriname with a designated portion for an electrical transmission line by specified Indian firms and the balance for other exports under the Foreign Trade Policy; letters of credit and disbursement deadlines apply, shipments must be declared on GR/SDF forms, no agency commission is payable from the credit, authorised dealers must notify exporters and obtain full LOC details from Exim Bank, and the direction is issued under FEMA without prejudice to other statutory permissions.
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