Line of Credit requires majority sourcing from India and EDF/SDF declaration for export finance compliance. A Government-supported Line of Credit from Exim Bank to Fiji Sugar Corporation finances eligible exports for sugar industry upgradation, requiring at least 75% of contract value of goods and services to be supplied from India and allowing up to 25% non consultancy inputs from abroad. Shipments must be declared on EDF/SDF forms; no agency commission is payable under the LOC but exporters may use their own funds or EEFC balances to pay commission subject to realisation and AD bank compliance. 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 requires majority sourcing from India and EDF/SDF declaration for export finance compliance.
A Government-supported Line of Credit from Exim Bank to Fiji Sugar Corporation finances eligible exports for sugar industry upgradation, requiring at least 75% of contract value of goods and services to be supplied from India and allowing up to 25% non consultancy inputs from abroad. Shipments must be declared on EDF/SDF forms; no agency commission is payable under the LOC but exporters may use their own funds or EEFC balances to pay commission subject to realisation and AD bank compliance. Directions issued under FEMA.
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