Government-backed line of credit enables export-financed supply of solar home systems subject to 75% domestic sourcing and EDF reporting. Exim Bank's Government-supported Line of Credit to Guyana finances procurement and installation of 30,000 solar home systems, requiring at least 75 percent of goods, works and services to be supplied from India and permitting up to 25 percent procurement from outside India. The agreement is effective from February 14, 2022, with a terminal utilization period of 60 months; shipments must be declared in the Export Declaration Form. No agency commission is payable under the LoC, though exporters may pay commission from their own resources or EEFC balances after realization, subject to existing instructions.
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Provisions expressly mentioned in the judgment/order text.
Government-backed line of credit enables export-financed supply of solar home systems subject to 75% domestic sourcing and EDF reporting.
Exim Bank's Government-supported Line of Credit to Guyana finances procurement and installation of 30,000 solar home systems, requiring at least 75 percent of goods, works and services to be supplied from India and permitting up to 25 percent procurement from outside India. The agreement is effective from February 14, 2022, with a terminal utilization period of 60 months; shipments must be declared in the Export Declaration Form. No agency commission is payable under the LoC, though exporters may pay commission from their own resources or EEFC balances after realization, subject to existing instructions.
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