Line of credit requires a substantial portion of contract value to be sourced from India and EDF/SDF declarations. Exim Bank's Government of India supported Line of Credit to Myanma Foreign Trade Bank finances an Indian eligible export contract for a microwave radio link, requiring a substantial portion of contract value to be supplied from India while remaining goods and services (other than consultancy) may be procured abroad. The agreement is effective from July 27, 2015; shipment declarations must be made on EDF/SDF forms. No agency commission is payable under the LOC, although exporters may remit commission from their own funds or EEFC balances after full payment, subject to AD Category I bank compliance with prevailing rules.
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Provisions expressly mentioned in the judgment/order text.
Line of credit requires a substantial portion of contract value to be sourced from India and EDF/SDF declarations.
Exim Bank's Government of India supported Line of Credit to Myanma Foreign Trade Bank finances an Indian eligible export contract for a microwave radio link, requiring a substantial portion of contract value to be supplied from India while remaining goods and services (other than consultancy) may be procured abroad. The agreement is effective from July 27, 2015; shipment declarations must be made on EDF/SDF forms. No agency commission is payable under the LOC, although exporters may remit commission from their own funds or EEFC balances after full payment, subject to AD Category I bank compliance with prevailing rules.
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