Government-supported line of credit enables export financing for solar electrification, subject to local content and FEMA compliance. Government-supported Line of Credit through Export-Import Bank of India finances exports for a Togolese solar electrification project conditional on export eligibility under the Foreign Trade Policy and a local content requirement that at least 75 per cent of contract value be supplied from India; shipments to be declared in the Export Declaration Form. The LoC imposes a terminal utilization period from project completion, disallows payable agency commission under the LoC while permitting exporter-funded commission subject to realization and instructions, and directs Authorised Dealer Category I banks to facilitate compliance. Directions are 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.
Government-supported line of credit enables export financing for solar electrification, subject to local content and FEMA compliance.
Government-supported Line of Credit through Export-Import Bank of India finances exports for a Togolese solar electrification project conditional on export eligibility under the Foreign Trade Policy and a local content requirement that at least 75 per cent of contract value be supplied from India; shipments to be declared in the Export Declaration Form. The LoC imposes a terminal utilization period from project completion, disallows payable agency commission under the LoC while permitting exporter-funded commission subject to realization and instructions, and directs Authorised Dealer Category I banks to facilitate compliance. Directions are issued under the Foreign Exchange Management Act.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
