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Government-supported Line of Credit requires majority Indian-sourced supplies, EDF shipment declaration, and exporter-funded commissions allowed. A Government of India supported Line of Credit to Kenya finances eligible exports under India's Foreign Trade Policy, requires a substantial portion of contract value to be supplied from India with the balance possibly procured abroad, mandates Export Declaration Form filing for shipments, sets a terminal utilization period post project completion, disallows agency commission under the LOC while permitting exporter-funded commission remittances from own funds or Exchange Earners' Foreign Currency Account after realization, and directs Authorised Dealer Category I banks to notify exporters; issued under the Foreign Exchange Management Act.
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Provisions expressly mentioned in the judgment/order text.
Government-supported Line of Credit requires majority Indian-sourced supplies, EDF shipment declaration, and exporter-funded commissions allowed.
A Government of India supported Line of Credit to Kenya finances eligible exports under India's Foreign Trade Policy, requires a substantial portion of contract value to be supplied from India with the balance possibly procured abroad, mandates Export Declaration Form filing for shipments, sets a terminal utilization period post project completion, disallows agency commission under the LOC while permitting exporter-funded commission remittances from own funds or Exchange Earners' Foreign Currency Account after realization, and directs Authorised Dealer Category I banks to notify exporters; issued under the Foreign Exchange Management Act.
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