Line of credit support enables project-tied exports subject to export eligibility, sourcing and FEMA compliance. State-supported Line of Credit of USD 7.35 million finances export of eligible goods and services for a hospital project in Nicaragua, requiring at least 75 per cent of contract value to be supplied from India and allowing up to 25 per cent procurement from outside India. The Agreement is effective from April 16, 2021 with a terminal utilisation period of 60 months after scheduled completion, shipments to be declared in the Export Declaration Form, and no agency commission payable under the LoC except from exporter's own resources or EEFC balances 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 project-tied exports subject to export eligibility, sourcing and FEMA compliance.
State-supported Line of Credit of USD 7.35 million finances export of eligible goods and services for a hospital project in Nicaragua, requiring at least 75 per cent of contract value to be supplied from India and allowing up to 25 per cent procurement from outside India. The Agreement is effective from April 16, 2021 with a terminal utilisation period of 60 months after scheduled completion, shipments to be declared in the Export Declaration Form, and no agency commission payable under the LoC except from exporter's own resources or EEFC balances subject to AD Category I bank compliance and FEMA directions.
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