Line of Credit finances export of eligible Indian goods and services under Government backed export finance terms. Exim Bank has provided a Government supported Line of Credit to Banco Exterior De Cuba to finance export of eligible goods and services for a cogeneration power plant; at least 75% of each contract's value must be supplied from India, up to 25% may be procured abroad, shipments must be declared in the Export Declaration Form, and no agency commission is payable from the LoC though exporters may use own funds or EEFC balances for commission remittance subject to standard AD Category I bank controls.
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 finances export of eligible Indian goods and services under Government backed export finance terms.
Exim Bank has provided a Government supported Line of Credit to Banco Exterior De Cuba to finance export of eligible goods and services for a cogeneration power plant; at least 75% of each contract's value must be supplied from India, up to 25% may be procured abroad, shipments must be declared in the Export Declaration Form, and no agency commission is payable from the LoC though exporters may use own funds or EEFC balances for commission remittance subject to standard AD Category I bank controls.
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