Line of Credit conditions require majority Indian content and specified disbursement timelines under FEMA authority. Exim Bank provided a USD 35.20 million Line of Credit to the Kingdom of Combodia for specified projects and supplies, requiring at least 85 per cent of contract value to be sourced from India; remaining non consultancy inputs may be procured abroad. The Credit Agreement (effective January 17, 2008) sets LC/disbursement deadlines at 48 months from scheduled completion for project exports and 72 months from execution for other supplies. Shipments must be declared on GR/SDF forms. No agency commission is payable under the LOC, though exporters may use their own funds or EEFC balances for commissions, subject to AD Category I bank compliance and realization rules. The directions are issued under FEMA provisions.
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 majority Indian content and specified disbursement timelines under FEMA authority.
Exim Bank provided a USD 35.20 million Line of Credit to the Kingdom of Combodia for specified projects and supplies, requiring at least 85 per cent of contract value to be sourced from India; remaining non consultancy inputs may be procured abroad. The Credit Agreement (effective January 17, 2008) sets LC/disbursement deadlines at 48 months from scheduled completion for project exports and 72 months from execution for other supplies. Shipments must be declared on GR/SDF forms. No agency commission is payable under the LOC, though exporters may use their own funds or EEFC balances for commissions, subject to AD Category I bank compliance and realization rules. The directions are issued under FEMA provisions.
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