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Line of Credit conditions require predominant domestic sourcing and specified disbursement timelines for export contracts. Line of Credit by Export-Import Bank of India to Sierra Leone finances export of specified agricultural equipment, requiring at least 85 per cent of contract value supplied from India and permitting up to 15 per cent procurement abroad (excluding consultancy). The Agreement is effective from February 2, 2009 with contract-tied disbursement deadlines; shipments must be reported on GR/SDF forms. No agency commission is payable under the LOC, though exporters may pay from their own resources or EEFC balances subject to AD Category-I banks' post-realization approval and prevailing rules. Directions are issued under FEMA provisions without prejudice to other statutory permissions.
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Provisions expressly mentioned in the judgment/order text.
Line of Credit conditions require predominant domestic sourcing and specified disbursement timelines for export contracts.
Line of Credit by Export-Import Bank of India to Sierra Leone finances export of specified agricultural equipment, requiring at least 85 per cent of contract value supplied from India and permitting up to 15 per cent procurement abroad (excluding consultancy). The Agreement is effective from February 2, 2009 with contract-tied disbursement deadlines; shipments must be reported on GR/SDF forms. No agency commission is payable under the LOC, though exporters may pay from their own resources or EEFC balances subject to AD Category-I banks' post-realization approval and prevailing rules. Directions are issued under FEMA provisions without prejudice to other statutory permissions.
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