Government-supported line of credit sets export-content, disbursement timelines and reporting obligations under foreign exchange regulations. A Government of India-supported Line of Credit from Exim Bank to Burundi finances farm mechanization and limits eligible contracts to goods, machinery, equipment and services permitted under India's Foreign Trade Policy. At least 75% of contract value must be supplied from India, with up to 25% procured abroad. The LOC sets separate disbursement timeframes for project export and supply contracts and requires shipments to be declared on EDF/SDF forms. Agency commission is not payable from the LOC; exporters may use their own funds or EEFC balances subject to AD Category I bank compliance and realization of contract proceeds.
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-supported line of credit sets export-content, disbursement timelines and reporting obligations under foreign exchange regulations.
A Government of India-supported Line of Credit from Exim Bank to Burundi finances farm mechanization and limits eligible contracts to goods, machinery, equipment and services permitted under India's Foreign Trade Policy. At least 75% of contract value must be supplied from India, with up to 25% procured abroad. The LOC sets separate disbursement timeframes for project export and supply contracts and requires shipments to be declared on EDF/SDF forms. Agency commission is not payable from the LOC; exporters may use their own funds or EEFC balances subject to AD Category I bank compliance and realization of contract proceeds.
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