Line of Credit enables export finance for Fiji sugar sector with specified utilisation periods and compliance requirements. Exim Bank extended a Line of Credit to the Fiji Sugar Corporation for financing eligible exports from India for modernization and capacity expansion of sugar plants. Terminal utilisation is 48 months for project exports and 72 months for other supply contracts. Shipments must be declared on GR/SDF forms. No agency commission is payable under the Line of Credit, though exporters may use own funds or EEFC balances for commission payments subject to realisation and prevailing instructions. Authorised dealer banks must notify exporter constituents; directions are issued under the Foreign Exchange Management Act.
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 for Fiji sugar sector with specified utilisation periods and compliance requirements.
Exim Bank extended a Line of Credit to the Fiji Sugar Corporation for financing eligible exports from India for modernization and capacity expansion of sugar plants. Terminal utilisation is 48 months for project exports and 72 months for other supply contracts. Shipments must be declared on GR/SDF forms. No agency commission is payable under the Line of Credit, though exporters may use own funds or EEFC balances for commission payments subject to realisation and prevailing instructions. Authorised dealer banks must notify exporter constituents; directions are issued under the Foreign Exchange Management Act.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
