Line of Credit conditions require majority Indian content and procedural compliance for project export supplies. Exim Bank's Line of Credit finances eligible goods, services and consultancy for the Nam Chien Hydro Power Project provided such exports comply with India's Foreign Trade Policy. At least 85 per cent of the contract price must be supplied from India; remaining goods (other than consultancy) may be procured abroad. Letters of Credit and disbursement deadlines are tied to contract completion or to the Credit Agreement execution date as specified. Shipments must be declared on GR/SDF forms. No agency commission is payable under the LOC, though exporters may pay commission from their own resources or EEFC balances subject to realisation and AD bank compliance.
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 procedural compliance for project export supplies.
Exim Bank's Line of Credit finances eligible goods, services and consultancy for the Nam Chien Hydro Power Project provided such exports comply with India's Foreign Trade Policy. At least 85 per cent of the contract price must be supplied from India; remaining goods (other than consultancy) may be procured abroad. Letters of Credit and disbursement deadlines are tied to contract completion or to the Credit Agreement execution date as specified. Shipments must be declared on GR/SDF forms. No agency commission is payable under the LOC, though exporters may pay commission from their own resources or EEFC balances subject to realisation and AD bank compliance.
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