Line of Credit for export finance enables majority-India sourcing, EDF/SDF compliance and restricted agency commission payment. A Line of Credit from the Export-Import Bank of India to the Government of the Republic of Senegal finances a Rice Self-Sufficiency Programme, funding eligible goods, machinery, equipment and consultancy services eligible under India's Foreign Trade Policy; at least three quarters of each contract price must be supplied from India with up to one quarter procured outside India. Shipments must be declared on EDF/SDF forms; no agency commission is payable under the Line of Credit though exporters may use own resources or EEFC balances for commission after realization, subject to remittance rules.
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 for export finance enables majority-India sourcing, EDF/SDF compliance and restricted agency commission payment.
A Line of Credit from the Export-Import Bank of India to the Government of the Republic of Senegal finances a Rice Self-Sufficiency Programme, funding eligible goods, machinery, equipment and consultancy services eligible under India's Foreign Trade Policy; at least three quarters of each contract price must be supplied from India with up to one quarter procured outside India. Shipments must be declared on EDF/SDF forms; no agency commission is payable under the Line of Credit though exporters may use own resources or EEFC balances for commission after realization, subject to remittance rules.
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