Line of credit to finance eligible exports to Ghana; banks must ensure shipment declarations and note commission restriction. A Line of Credit from Exim Bank to the Government of Ghana finances export of capital goods, machinery, industrial manufactures, consumer durables and other items eligible under India's Foreign Trade Policy. The agreement is effective as specified in the circular, with prescribed last dates for opening letters of credit and disbursement. Shipments must be declared on GR/SDF forms. No agency commission is payable under the LOC; exporters must use their own funds if commission is required. Authorised Dealer banks must notify exporters and advise them to obtain full details from Exim Bank. The direction is issued under FEMA.
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 finance eligible exports to Ghana; banks must ensure shipment declarations and note commission restriction.
A Line of Credit from Exim Bank to the Government of Ghana finances export of capital goods, machinery, industrial manufactures, consumer durables and other items eligible under India's Foreign Trade Policy. The agreement is effective as specified in the circular, with prescribed last dates for opening letters of credit and disbursement. Shipments must be declared on GR/SDF forms. No agency commission is payable under the LOC; exporters must use their own funds if commission is required. Authorised Dealer banks must notify exporters and advise them to obtain full details from Exim Bank. The direction is issued under FEMA.
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