Line of Credit for infrastructure financing requires majority Indian supplies and prescribed export documentation under FEMA directions. The Export-Import Bank's LOC for Nepal finances specified infrastructure projects on condition that eligible Indian exports supply at least 75% of contract value (50% for civil works), shipments be declared on prescribed export forms, and no agency commission is payable under the LOC though exporters may use own funds or EEFC balances for commission remittances subject to AD Category-I bank approval after realisation; directions issued under FEMA remain subject to other legal permissions.
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 infrastructure financing requires majority Indian supplies and prescribed export documentation under FEMA directions.
The Export-Import Bank's LOC for Nepal finances specified infrastructure projects on condition that eligible Indian exports supply at least 75% of contract value (50% for civil works), shipments be declared on prescribed export forms, and no agency commission is payable under the LOC though exporters may use own funds or EEFC balances for commission remittances subject to AD Category-I bank approval after realisation; directions issued under FEMA remain subject to other legal permissions.
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