Line of Credit for project exports requires majority India-sourced supply, GR/SDF shipment declarations and FEMA-based compliance. Exim Bank's Line of Credit to Mali finances exports of eligible goods and services for an electricity transmission and distribution project, requires major India-sourced supply (at least eighty-five percent of contract value), mandates GR/SDF shipment declarations, sets differing LC opening deadlines for project and other supply contracts, disallows agency commission under the LOC while permitting exporter-funded commission remittance from own funds or EEFC balances subject to realization and compliance, and directs Authorised Dealer Category I banks to notify exporters and follow FEMA-based directions without prejudice to other 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 project exports requires majority India-sourced supply, GR/SDF shipment declarations and FEMA-based compliance.
Exim Bank's Line of Credit to Mali finances exports of eligible goods and services for an electricity transmission and distribution project, requires major India-sourced supply (at least eighty-five percent of contract value), mandates GR/SDF shipment declarations, sets differing LC opening deadlines for project and other supply contracts, disallows agency commission under the LOC while permitting exporter-funded commission remittance from own funds or EEFC balances subject to realization and compliance, and directs Authorised Dealer Category I banks to notify exporters and follow FEMA-based directions without prejudice to other permissions.
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