Line of Credit supports renovation financing with majority India-origin supply requirement and a multi-year terminal utilization period. Exim Bank's Government-supported Line of Credit finances renovation of Bulawayo Thermal Power Plant through exports eligible under India's Foreign Trade Policy, requiring at least seventy-five percent of each contract price to be supplied from India, with the remainder procurable abroad; shipments must be declared in the Export Declaration Form, no agency commission is payable under the LoC although exporters may pay from their own funds or Exchange Earners' balances after realization, and AD Category I banks must notify exporters and seek full details from Exim Bank. These directions are issued under FEMA and preserve other statutory permissions.
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Provisions expressly mentioned in the judgment/order text.
Line of Credit supports renovation financing with majority India-origin supply requirement and a multi-year terminal utilization period.
Exim Bank's Government-supported Line of Credit finances renovation of Bulawayo Thermal Power Plant through exports eligible under India's Foreign Trade Policy, requiring at least seventy-five percent of each contract price to be supplied from India, with the remainder procurable abroad; shipments must be declared in the Export Declaration Form, no agency commission is payable under the LoC although exporters may pay from their own funds or Exchange Earners' balances after realization, and AD Category I banks must notify exporters and seek full details from Exim Bank. These directions are issued under FEMA and preserve other statutory permissions.
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