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Line of credit terms: export financing for eligible goods subject to shipment declarations, commission rules, and FEMA compliance. Exim Bank's Line of Credit to the Government of the Syrian Arab Republic finances exports of goods eligible under India's Foreign Trade Policy, covering a large portion of the FOB/CFR/CIF contract price. The facility has separate cut off periods for letters of credit and disbursement for project and supply contracts. Shipments must be declared on GR/SDF forms. No agency commission is payable from the LOC; exporters may use their own funds or EEFC balances for commission subject to realisation and prevailing rules. AD Category I banks must inform exporters and ensure compliance with FEMA directions and other applicable approvals.
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Line of credit terms: export financing for eligible goods subject to shipment declarations, commission rules, and FEMA compliance.
Exim Bank's Line of Credit to the Government of the Syrian Arab Republic finances exports of goods eligible under India's Foreign Trade Policy, covering a large portion of the FOB/CFR/CIF contract price. The facility has separate cut off periods for letters of credit and disbursement for project and supply contracts. Shipments must be declared on GR/SDF forms. No agency commission is payable from the LOC; exporters may use their own funds or EEFC balances for commission subject to realisation and prevailing rules. AD Category I banks must inform exporters and ensure compliance with FEMA directions and other applicable approvals.
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