Line of credit for export financing supports Indian supply and project contracts subject to utilisation limits, declaration and FEMA compliance. A Line of Credit from Exim Bank to the Government of Cote d'Ivoire finances Indian exports for urban transport and agricultural projects; shipments must be declared on GR/SDF forms. No agency commission is payable under the LOC, though exporters may remit commission from personal resources or EEFC balances after realisation of contract value and subject to prevailing rules. Authorised Dealer banks must notify exporters of the circular. Directions are issued under FEMA and do not affect 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 for export financing supports Indian supply and project contracts subject to utilisation limits, declaration and FEMA compliance.
A Line of Credit from Exim Bank to the Government of Cote d'Ivoire finances Indian exports for urban transport and agricultural projects; shipments must be declared on GR/SDF forms. No agency commission is payable under the LOC, though exporters may remit commission from personal resources or EEFC balances after realisation of contract value and subject to prevailing rules. Authorised Dealer banks must notify exporters of the circular. Directions are issued under FEMA and do not affect other statutory permissions.
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