Line of credit for export financing enables Indian-sourced supplies under conditions, with RBI/FEMA compliance and EDF reporting. Exim Bank's Government of India supported Line of Credit to Ghana finances export of goods and services eligible under India's Foreign Trade Policy, with at least seventy-five percent of contract value supplied from India and up to twenty-five percent procured abroad. The LoC is effective June 03, 2019 with a terminal utilization period of sixty months after scheduled project completion. Shipments must be declared in the Export Declaration Form. No agency commission is payable under the LoC, though exporters may pay commission from their own resources or EEFC balances after realization and compliance; AD Category I banks must notify exporters and permit remittances subject to instructions. The directions are issued under FEMA.
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 for export financing enables Indian-sourced supplies under conditions, with RBI/FEMA compliance and EDF reporting.
Exim Bank's Government of India supported Line of Credit to Ghana finances export of goods and services eligible under India's Foreign Trade Policy, with at least seventy-five percent of contract value supplied from India and up to twenty-five percent procured abroad. The LoC is effective June 03, 2019 with a terminal utilization period of sixty months after scheduled project completion. Shipments must be declared in the Export Declaration Form. No agency commission is payable under the LoC, though exporters may pay commission from their own resources or EEFC balances after realization and compliance; AD Category I banks must notify exporters and permit remittances subject to instructions. The directions are issued under FEMA.
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