Exim Bank’s GOI-supported Line of Credit of USD 448 million to the Government of Republic of Uzbekistan for Social Infrastructure and Other Development Projects
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Line of credit support enables financing of Uzbekistan social infrastructure, subject to export eligibility and supply content rules. A Government of India supported Line of Credit through Exim Bank finances Uzbekistan social infrastructure projects; exports must meet Foreign Trade Policy eligibility, be declared in Export Declaration Form/Shipping Bill per RBI instructions, and observe a minimum 75% India supply content (up to 25% external procurement). The LoC became effective September 12, 2022, with a terminal utilization period of 60 months from scheduled project completion. No agency commission is payable under the LoC, though exporters may use personal or EEFC funds for commissions subject to AD Category I bank approval after realization and applicable rules. AD banks must notify exporters and refer them to Exim Bank for details. Directions are issued under FEMA without prejudice to other statutory approvals.
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 support enables financing of Uzbekistan social infrastructure, subject to export eligibility and supply content rules.
A Government of India supported Line of Credit through Exim Bank finances Uzbekistan social infrastructure projects; exports must meet Foreign Trade Policy eligibility, be declared in Export Declaration Form/Shipping Bill per RBI instructions, and observe a minimum 75% India supply content (up to 25% external procurement). The LoC became effective September 12, 2022, with a terminal utilization period of 60 months from scheduled project completion. No agency commission is payable under the LoC, though exporters may use personal or EEFC funds for commissions subject to AD Category I bank approval after realization and applicable rules. AD banks must notify exporters and refer them to Exim Bank for details. Directions are issued under FEMA without prejudice to other statutory approvals.
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