Line of Credit conditions require Indian-origin content and set utilisation, documentation, and commission payment rules. Exim Bank's Line of Credit to the Government of Senegal finances Indian exports provided at least 85 percent of credit funds purchases of eligible Indian-origin goods. Terminal utilisation periods differ for project exports and other supply contracts. Shipments must be declared on GR/SDF forms. Agency commission is not payable from LOC funds; exporters may use their own resources or EEFC balances for commission payments in free foreign exchange after full realisation, subject to AD Category I bank compliance. Directions are issued under FEMA and do not replace other required approvals.
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 conditions require Indian-origin content and set utilisation, documentation, and commission payment rules.
Exim Bank's Line of Credit to the Government of Senegal finances Indian exports provided at least 85 percent of credit funds purchases of eligible Indian-origin goods. Terminal utilisation periods differ for project exports and other supply contracts. Shipments must be declared on GR/SDF forms. Agency commission is not payable from LOC funds; exporters may use their own resources or EEFC balances for commission payments in free foreign exchange after full realisation, subject to AD Category I bank compliance. Directions are issued under FEMA and do not replace other required approvals.
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