Line of credit terms require predominant India-sourced supply, specified disbursement timelines, documentation and remittance rules. Exim Bank's Line of Credit to Malawi finances eligible goods, services and consultancy largely from India, requiring at least 85% India sourced content and permitting up to 15% non consultancy imports. The Credit Agreement is effective from October 31, 2008, with LC opening and disbursement deadlines linked to contract type (48 months from project completion for projects; 72 months from execution for supply contracts). Shipments require GR/SDF declarations. No agency commission is payable under the LOC; exporters may use own funds or EEFC balances for commission, with AD Category I banks authorised to permit remittances after full realization, subject to prevailing rules.
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 terms require predominant India-sourced supply, specified disbursement timelines, documentation and remittance rules.
Exim Bank's Line of Credit to Malawi finances eligible goods, services and consultancy largely from India, requiring at least 85% India sourced content and permitting up to 15% non consultancy imports. The Credit Agreement is effective from October 31, 2008, with LC opening and disbursement deadlines linked to contract type (48 months from project completion for projects; 72 months from execution for supply contracts). Shipments require GR/SDF declarations. No agency commission is payable under the LOC; exporters may use own funds or EEFC balances for commission, with AD Category I banks authorised to permit remittances after full realization, subject to prevailing rules.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
