Exim Bank's GoI supported Line of Credit of USD 15.13 million to the Government of Republic of Djibouti for financing Ali Sabieh Cement Project in the Republic of Djibouti.
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Government-backed line of credit imposes India-origin supply requirements and RBI reporting for project exports and supplies. Exim Bank's Government-supported Line of Credit to Djibouti for the Ali Sabieh Cement Project conditions financing on exports eligible under India's Foreign Trade Policy, requiring at least 75% India supplied value for goods and services (including consultancy) and permitting up to 25% of goods and services (other than consultancy) from outside India. The agreement (executed March 9, 2015; effective June 5, 2015) sets final dates for letters of credit and disbursement, mandates EDF/SDF shipment declarations, disallows agency commission under the LOC while permitting exporter-funded commission subject to AD Category I bank controls, and is issued under FEMA directions.
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Provisions expressly mentioned in the judgment/order text.
Government-backed line of credit imposes India-origin supply requirements and RBI reporting for project exports and supplies.
Exim Bank's Government-supported Line of Credit to Djibouti for the Ali Sabieh Cement Project conditions financing on exports eligible under India's Foreign Trade Policy, requiring at least 75% India supplied value for goods and services (including consultancy) and permitting up to 25% of goods and services (other than consultancy) from outside India. The agreement (executed March 9, 2015; effective June 5, 2015) sets final dates for letters of credit and disbursement, mandates EDF/SDF shipment declarations, disallows agency commission under the LOC while permitting exporter-funded commission subject to AD Category I bank controls, and is issued under FEMA directions.
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