Line of Credit for export finance imposes Indian supply-content requirements and Export Declaration Form compliance. Government-supported Line of Credit by Export-Import Bank finances eligible exports for a Maldives sports infrastructure project subject to Foreign Trade Policy eligibility, declaration in the Export Declaration Form, and a supply-content requirement of at least seventy-five percent from India with up to twenty-five percent procurable outside India. No agency commission is payable under the LoC; exporters may use own funds or Exchange Earners' Foreign Currency balances to pay commission in free foreign exchange after realisation and subject to extant instructions.
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Line of Credit for export finance imposes Indian supply-content requirements and Export Declaration Form compliance.
Government-supported Line of Credit by Export-Import Bank finances eligible exports for a Maldives sports infrastructure project subject to Foreign Trade Policy eligibility, declaration in the Export Declaration Form, and a supply-content requirement of at least seventy-five percent from India with up to twenty-five percent procurable outside India. No agency commission is payable under the LoC; exporters may use own funds or Exchange Earners' Foreign Currency balances to pay commission in free foreign exchange after realisation and subject to extant instructions.
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