Line of Credit to finance eligible exports with Indian content requirement and FEMA compliance obligations for exporters. Exim Bank's Government of India supported Line of Credit to Burundi finances export of eligible goods and services for specified construction projects, subject to Foreign Trade Policy and LoC terms. At least 75% of contract value must be supplied from India, with up to 25% procurable abroad. The LoC is effective from March 18, 2020, with a terminal utilization period of 60 months after scheduled completion. Shipments must be declared in the Export Declaration Form; no agency commission is payable though exporters may use own funds or EEFC balances for commission subject to AD Category I bank rules and FEMA compliance.
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 to finance eligible exports with Indian content requirement and FEMA compliance obligations for exporters.
Exim Bank's Government of India supported Line of Credit to Burundi finances export of eligible goods and services for specified construction projects, subject to Foreign Trade Policy and LoC terms. At least 75% of contract value must be supplied from India, with up to 25% procurable abroad. The LoC is effective from March 18, 2020, with a terminal utilization period of 60 months after scheduled completion. Shipments must be declared in the Export Declaration Form; no agency commission is payable though exporters may use own funds or EEFC balances for commission subject to AD Category I bank rules and FEMA compliance.
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