Line of Credit conditions for export financing require majority sourcing from India and EDF shipment declarations. Exim Bank's Government of India supported Line of Credit to Suriname finances eligible exports for transmission network upgrades, requiring at least 75 per cent of each contract's value to be supplied from India and allowing up to 25 per cent foreign procurement; shipments must be declared in the Export Declaration Form, no agency commission is payable under the LoC though exporters may use own funds or EEFC balances for commission subject to AD Category I compliance, and AD Category I banks must notify exporter constituents of LoC details. Directions issued under FEMA remain without prejudice to other approvals.
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 conditions for export financing require majority sourcing from India and EDF shipment declarations.
Exim Bank's Government of India supported Line of Credit to Suriname finances eligible exports for transmission network upgrades, requiring at least 75 per cent of each contract's value to be supplied from India and allowing up to 25 per cent foreign procurement; shipments must be declared in the Export Declaration Form, no agency commission is payable under the LoC though exporters may use own funds or EEFC balances for commission subject to AD Category I compliance, and AD Category I banks must notify exporter constituents of LoC details. Directions issued under FEMA remain without prejudice to other approvals.
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