Line of Credit conditions: Indian content, declaration and commission rules govern exports financed under the Exim Bank-Suriname credit. Exim Bank provided a Line of Credit of USD 10.59 million to Suriname to finance eligible goods and services from India under India's Foreign Trade Policy, requiring at least 85% of contract value to be supplied from India and permitting up to 15% of non consultancy goods to be sourced abroad. The Credit Agreement (effective September 26, 2008) prescribes 48 month disbursement limits for project exports and 72 months for supply contracts. Shipments must be declared on GR/SDF forms. No agency commission is payable under the LOC, though exporters may remit commission from their own resources or EEFC balances after realisation; AD Category I banks must inform exporters and may allow remittances subject to compliance. Directions issued under FEMA.
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Provisions expressly mentioned in the judgment/order text.
Line of Credit conditions: Indian content, declaration and commission rules govern exports financed under the Exim Bank-Suriname credit.
Exim Bank provided a Line of Credit of USD 10.59 million to Suriname to finance eligible goods and services from India under India's Foreign Trade Policy, requiring at least 85% of contract value to be supplied from India and permitting up to 15% of non consultancy goods to be sourced abroad. The Credit Agreement (effective September 26, 2008) prescribes 48 month disbursement limits for project exports and 72 months for supply contracts. Shipments must be declared on GR/SDF forms. No agency commission is payable under the LOC, though exporters may remit commission from their own resources or EEFC balances after realisation; AD Category I banks must inform exporters and may allow remittances subject to compliance. Directions issued under FEMA.
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