Government-backed line of credit supports exports with majority domestic sourcing requirement and mandatory EDF shipment declarations. A Government-supported Line of Credit from Exim Bank to Nicaragua finances exports for transmission and substation works, requiring at least 75 per cent of contract value to be supplied from India and permitting up to 25 per cent foreign procurement; effective March 30, 2017 with a terminal utilization period of 60 months post completion. Shipments must be declared on the Export Declaration Form, no agency commission is payable under the LOC though exporters may remit commission from own resources or EEFC balances subject to AD Category I bank compliance, and AD banks must notify exporters and obtain LOC details from Exim Bank.
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 exports with majority domestic sourcing requirement and mandatory EDF shipment declarations.
A Government-supported Line of Credit from Exim Bank to Nicaragua finances exports for transmission and substation works, requiring at least 75 per cent of contract value to be supplied from India and permitting up to 25 per cent foreign procurement; effective March 30, 2017 with a terminal utilization period of 60 months post completion. Shipments must be declared on the Export Declaration Form, no agency commission is payable under the LOC though exporters may remit commission from own resources or EEFC balances subject to AD Category I bank compliance, and AD banks must notify exporters and obtain LOC details from Exim Bank.
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