Government-supported Line of Credit enables export financing for a Maldives connectivity project, subject to Indian content and FEMA compliance. A Government of India-supported Exim Bank Line of Credit finances exports for the Greater Male Connectivity project in Maldives, conditioned on Foreign Trade Policy eligibility and requiring that at least 75 percent of the contract price be supplied from India with up to 25 percent procured outside India. Shipments must be declared in the Export Declaration Form. No agency commission is payable under the LoC, though exporters may use their own funds or EEFC balances for commission remittances after full realization, subject to AD Category I bank compliance and existing instructions.
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.
Government-supported Line of Credit enables export financing for a Maldives connectivity project, subject to Indian content and FEMA compliance.
A Government of India-supported Exim Bank Line of Credit finances exports for the Greater Male Connectivity project in Maldives, conditioned on Foreign Trade Policy eligibility and requiring that at least 75 percent of the contract price be supplied from India with up to 25 percent procured outside India. Shipments must be declared in the Export Declaration Form. No agency commission is payable under the LoC, though exporters may use their own funds or EEFC balances for commission remittances after full realization, subject to AD Category I bank compliance and existing instructions.
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