Line of Credit terms require majority India sourced exports and specified timelines for Letters of Credit and disbursement. Line of Credit extended by Exim Bank to the Government of Rwanda finances targeted agricultural projects and supply contracts subject to eligibility under the Foreign Trade Policy, with at least 75 percent of contract value sourced from India and defined timelines for opening Letters of Credit and disbursement. 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 realization and remittance rules, and Authorised Dealer Category-I banks must inform exporters while recognizing other legal permissions may be required.
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 terms require majority India sourced exports and specified timelines for Letters of Credit and disbursement.
Line of Credit extended by Exim Bank to the Government of Rwanda finances targeted agricultural projects and supply contracts subject to eligibility under the Foreign Trade Policy, with at least 75 percent of contract value sourced from India and defined timelines for opening Letters of Credit and disbursement. 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 realization and remittance rules, and Authorised Dealer Category-I banks must inform exporters while recognizing other legal permissions may be required.
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