Line of Credit terms require majority India sourcing, EDF shipment declaration and FEMA based compliance for supported exports. Exim Bank's Government of India supported Line of Credit to Guinea finances eligible exports under India's Foreign Trade Policy, requires a substantial majority of goods, works and services to be sourced from India, mandates shipment declaration in the Export Declaration Form, prohibits payment of agency commission from the LoC while permitting exporter-funded or EEFC-funded commission remittances after realisation, and directs Authorised Dealer Category I banks to facilitate filings and ensure compliance with directions issued under the Foreign Exchange Management Act.
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 terms require majority India sourcing, EDF shipment declaration and FEMA based compliance for supported exports.
Exim Bank's Government of India supported Line of Credit to Guinea finances eligible exports under India's Foreign Trade Policy, requires a substantial majority of goods, works and services to be sourced from India, mandates shipment declaration in the Export Declaration Form, prohibits payment of agency commission from the LoC while permitting exporter-funded or EEFC-funded commission remittances after realisation, and directs Authorised Dealer Category I banks to facilitate filings and ensure compliance with directions issued under the Foreign Exchange Management Act.
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