Government backed line of credit supports project exports with specified India sourcing and FEMA compliance conditions. A Government of India supported Line of Credit by Exim Bank to the Government of Cote d'Ivoire finances eligible goods, machinery, equipment and consultancy services from India for an Electricity Interconnection Project, requiring at least 75% India sourced contract value and allowing up to 25% foreign procurement; the LOC is effective from May 26, 2016, with disbursement ending 60 months after project completion, shipments to be declared on EDF/SDF forms, and no agency commission payable except from exporter resources or EEFC balances subject to prevailing instructions and AD Category I bank compliance.
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.
Government backed line of credit supports project exports with specified India sourcing and FEMA compliance conditions.
A Government of India supported Line of Credit by Exim Bank to the Government of Cote d'Ivoire finances eligible goods, machinery, equipment and consultancy services from India for an Electricity Interconnection Project, requiring at least 75% India sourced contract value and allowing up to 25% foreign procurement; the LOC is effective from May 26, 2016, with disbursement ending 60 months after project completion, shipments to be declared on EDF/SDF forms, and no agency commission payable except from exporter resources or EEFC balances subject to prevailing instructions and AD Category I bank compliance.
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