Line of Credit conditions require predominant Indian supply content and EDF/SDF shipment declarations, with restricted commission rules. Government-supported Line of Credit finances a veterinary pharmaceutical plant with a requirement that at least 75% of contract value for goods and services, including consultancy, be supplied from India and up to 25% of non-consultancy goods may be procured externally. Disbursement windows differ for project exports and other supply contracts; shipments must be declared on EDF/SDF forms. No agency commission under the LOC, though exporters may use own funds or EEFC balances for commission subject to realization and remittance rules. AD Category I banks must notify exporters; Directions issued under FEMA.
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 conditions require predominant Indian supply content and EDF/SDF shipment declarations, with restricted commission rules.
Government-supported Line of Credit finances a veterinary pharmaceutical plant with a requirement that at least 75% of contract value for goods and services, including consultancy, be supplied from India and up to 25% of non-consultancy goods may be procured externally. Disbursement windows differ for project exports and other supply contracts; shipments must be declared on EDF/SDF forms. No agency commission under the LOC, though exporters may use own funds or EEFC balances for commission subject to realization and remittance rules. AD Category I banks must notify exporters; Directions issued under FEMA.
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