Line of Credit conditions: majority India-sourced supplies required, timelines and FEMA compliance govern exports and disbursement. A Line of Credit to the Government of Ghana finances eligible goods and consultancy services from India; exports must meet Foreign Trade Policy eligibility. At least majority India-sourced supplies (85% of contract price) are required, with up to 15% of non-consultancy goods/services procured outside India. The Credit Agreement is effective December 18, 2008 (execution September 2, 2008); LC opening and disbursement deadlines follow project completion schedules or specified maximum periods. Shipments must be declared on GR/SDF forms; no agency commission under the LOC though exporters may use own funds or EEFC balances for commission remittances after realisation, subject to AD Category I bank compliance and FEMA provisions.
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 conditions: majority India-sourced supplies required, timelines and FEMA compliance govern exports and disbursement.
A Line of Credit to the Government of Ghana finances eligible goods and consultancy services from India; exports must meet Foreign Trade Policy eligibility. At least majority India-sourced supplies (85% of contract price) are required, with up to 15% of non-consultancy goods/services procured outside India. The Credit Agreement is effective December 18, 2008 (execution September 2, 2008); LC opening and disbursement deadlines follow project completion schedules or specified maximum periods. Shipments must be declared on GR/SDF forms; no agency commission under the LOC though exporters may use own funds or EEFC balances for commission remittances after realisation, subject to AD Category I bank compliance and FEMA provisions.
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