Line of Credit conditions govern export eligibility, local content requirement, declaration and disbursement timelines under FEMA directions. Exim Bank provided a Line of Credit to the Government of Suriname to finance eligible Indian goods, services and consultancy for a water supply project; at least 85 per cent of contract value must be supplied from India while remaining non consultancy inputs may be procured abroad. The Credit Agreement sets deadlines for opening Letters of Credit and disbursements with distinct timelines for project exports and supply contracts. 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 commission subject to AD Category I bank approval. Directions issued under FEMA.
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 eligibility, local content requirement, declaration and disbursement timelines under FEMA directions.
Exim Bank provided a Line of Credit to the Government of Suriname to finance eligible Indian goods, services and consultancy for a water supply project; at least 85 per cent of contract value must be supplied from India while remaining non consultancy inputs may be procured abroad. The Credit Agreement sets deadlines for opening Letters of Credit and disbursements with distinct timelines for project exports and supply contracts. 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 commission subject to AD Category I bank approval. Directions issued under FEMA.
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