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Line of Credit for project exports requires substantial India sourced supplies and GR/SDF shipment declarations. Exim Bank's Line of Credit to Nicaragua finances eligible goods, machinery, equipment and consultancy services from India for two substations, requiring a substantial majority of contract value to be supplied from India while a minority may be procured abroad; shipments must be declared on GR/SDF forms and Letters of Credit and disbursements must occur within specified timelines tied to project completion or a fixed duration from the agreement date.
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Provisions expressly mentioned in the judgment/order text.
Line of Credit for project exports requires substantial India sourced supplies and GR/SDF shipment declarations.
Exim Bank's Line of Credit to Nicaragua finances eligible goods, machinery, equipment and consultancy services from India for two substations, requiring a substantial majority of contract value to be supplied from India while a minority may be procured abroad; shipments must be declared on GR/SDF forms and Letters of Credit and disbursements must occur within specified timelines tied to project completion or a fixed duration from the agreement date.
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