Line of Credit supports export of Indian goods and services to finance Myanmar transmission projects, subject to FEMA compliance. Exim Bank's Line of Credit finances exports of eligible goods and consultancy for specified Myanmar transmission projects, requiring compliance with India's Foreign Trade Policy and at least 85 per cent of contract value supplied from India; remaining non consultancy inputs may be procured abroad. The Credit Agreement is effective from September 19, 2008, with LC/disbursement deadlines of 48 months from project completion for project exports and 72 months from agreement execution for supply contracts.
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 supports export of Indian goods and services to finance Myanmar transmission projects, subject to FEMA compliance.
Exim Bank's Line of Credit finances exports of eligible goods and consultancy for specified Myanmar transmission projects, requiring compliance with India's Foreign Trade Policy and at least 85 per cent of contract value supplied from India; remaining non consultancy inputs may be procured abroad. The Credit Agreement is effective from September 19, 2008, with LC/disbursement deadlines of 48 months from project completion for project exports and 72 months from agreement execution for supply contracts.
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