Line of Credit to Vietnam: export financing available with specified shipment declarations, limited commission for after sales service, and set timelines. The circular announces Exim Bank's Line of Credit of USD 27 million to the Government of Vietnam to finance specified categories of exports from India, sets the final dates for opening letters of credit and for disbursement, requires shipments to be declared on GR/SDF forms, and prescribes agency commission rules-generally no commission but permitting up to 5% for goods requiring after sales service with prior approval and specific reimbursement mechanics. Authorised dealer banks must notify exporter constituents and advise them to seek full LOC details from Exim Bank; the direction is issued under foreign exchange statutory provisions.
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Provisions expressly mentioned in the judgment/order text.
Line of Credit to Vietnam: export financing available with specified shipment declarations, limited commission for after sales service, and set timelines.
The circular announces Exim Bank's Line of Credit of USD 27 million to the Government of Vietnam to finance specified categories of exports from India, sets the final dates for opening letters of credit and for disbursement, requires shipments to be declared on GR/SDF forms, and prescribes agency commission rules-generally no commission but permitting up to 5% for goods requiring after sales service with prior approval and specific reimbursement mechanics. Authorised dealer banks must notify exporter constituents and advise them to seek full LOC details from Exim Bank; the direction is issued under foreign exchange statutory provisions.
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