Line of Credit financing requires majority sourcing from domestic suppliers and EDF shipment declarations for exports. Government-supported Line of Credit finances specified solar projects subject to export eligibility under the Foreign Trade Policy, a sourcing requirement that at least 75 percent of contract value be supplied from India with up to 25 percent procured abroad, declaration of shipments in the Export Declaration Form, and a terminal utilization period of 60 months from scheduled project completion. No agency commission is payable under the LoC, though exporters may remit commission from their own resources or EEFC balances after realisation, with AD Category I banks complying with extant 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.
Line of Credit financing requires majority sourcing from domestic suppliers and EDF shipment declarations for exports.
Government-supported Line of Credit finances specified solar projects subject to export eligibility under the Foreign Trade Policy, a sourcing requirement that at least 75 percent of contract value be supplied from India with up to 25 percent procured abroad, declaration of shipments in the Export Declaration Form, and a terminal utilization period of 60 months from scheduled project completion. No agency commission is payable under the LoC, though exporters may remit commission from their own resources or EEFC balances after realisation, with AD Category I banks complying with extant instructions.
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