Line of credit for solar projects imposes India-content requirement, EDF declaration and FEMA-based export compliance for exporters. Exim Bank's Government-supported Line of Credit finances exports for specified solar energy projects subject to Foreign Trade Policy eligibility and Exim Bank approval; contracts must have at least 75 percent India content with a possible reduction up to 10 percent only upon prior borrower request and Government of India approval before procurement, and reduced content must not be sourced from countries other than India or the Borrower. The LoC is effective from September 2021 with a terminal utilization period of 60 months from the contract's scheduled completion date; shipments require Export Declaration Form compliance.
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Provisions expressly mentioned in the judgment/order text.
Line of credit for solar projects imposes India-content requirement, EDF declaration and FEMA-based export compliance for exporters.
Exim Bank's Government-supported Line of Credit finances exports for specified solar energy projects subject to Foreign Trade Policy eligibility and Exim Bank approval; contracts must have at least 75 percent India content with a possible reduction up to 10 percent only upon prior borrower request and Government of India approval before procurement, and reduced content must not be sourced from countries other than India or the Borrower. The LoC is effective from September 2021 with a terminal utilization period of 60 months from the contract's scheduled completion date; shipments require Export Declaration Form compliance.
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