Line of Credit conditions govern export financing and domestic supply requirements for infrastructure projects under FEMA compliance. Exim Bank's Line of Credit to the Government of Nepal finances eligible exports of goods, services and consultancy from India for specified infrastructure projects, requiring minimum Indian-sourced supply content (85% for specified hydro repairs, 70% for transmission/interconnectivity, 50% for other projects). The Credit Agreement fixes effective and disbursement timelines, mandates declaration of shipments on foreign exchange forms, disallows agency commission under the LOC while permitting exporter-funded commission from own resources or EEFC balances subject to realisation and remittance rules, and is issued under FEMA without prejudice to other statutory 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 conditions govern export financing and domestic supply requirements for infrastructure projects under FEMA compliance.
Exim Bank's Line of Credit to the Government of Nepal finances eligible exports of goods, services and consultancy from India for specified infrastructure projects, requiring minimum Indian-sourced supply content (85% for specified hydro repairs, 70% for transmission/interconnectivity, 50% for other projects). The Credit Agreement fixes effective and disbursement timelines, mandates declaration of shipments on foreign exchange forms, disallows agency commission under the LOC while permitting exporter-funded commission from own resources or EEFC balances subject to realisation and remittance rules, and is issued under FEMA without prejudice to other statutory permissions.
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