Line of Credit support enables export financing with minimum Indian content and Export Declaration Form compliance. Exim Bank's Government of India supported Line of Credit to Suriname finances rehabilitation of a milk processing plant, requiring at least 75 per cent of contract value to be supplied from India and permitting up to 25 per cent procurement abroad. The agreement is effective from January 27, 2020 with a terminal utilization period of 60 months after project completion. Shipments must be declared in the Export Declaration Form; no agency commission is payable under the LoC though exporters may use own resources or EEFC balances after realization, subject to AD Category I bank compliance and FEMA directions.
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 support enables export financing with minimum Indian content and Export Declaration Form compliance.
Exim Bank's Government of India supported Line of Credit to Suriname finances rehabilitation of a milk processing plant, requiring at least 75 per cent of contract value to be supplied from India and permitting up to 25 per cent procurement abroad. The agreement is effective from January 27, 2020 with a terminal utilization period of 60 months after project completion. Shipments must be declared in the Export Declaration Form; no agency commission is payable under the LoC though exporters may use own resources or EEFC balances after realization, subject to AD Category I bank compliance and FEMA directions.
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