Line of Credit enables export finance under specific declaration, commission and approval conditions. A Line of Credit from Exim Bank to the Government of Lesotho finances exports of capital goods, plant and machinery, industrial manufactures, consumer durables and other items eligible under India's Foreign Trade Policy; the agreement is effective from February 1, 2005 with specified deadlines for letter of credit opening and disbursement, shipments must be declared on GR/SDF Forms, and agency commission is generally not payable though Reserve Bank may permit commission up to a capped rate for exports requiring after sales service with prescribed invoice deduction and reimbursement mechanics.
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 enables export finance under specific declaration, commission and approval conditions.
A Line of Credit from Exim Bank to the Government of Lesotho finances exports of capital goods, plant and machinery, industrial manufactures, consumer durables and other items eligible under India's Foreign Trade Policy; the agreement is effective from February 1, 2005 with specified deadlines for letter of credit opening and disbursement, shipments must be declared on GR/SDF Forms, and agency commission is generally not payable though Reserve Bank may permit commission up to a capped rate for exports requiring after sales service with prescribed invoice deduction and reimbursement mechanics.
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