Line of Credit for export finance supports Indian supplies for rural electrification in Mozambique under FEMA compliance and AD bank procedures. Exim Bank's Line of Credit finances eligible Indian exports for rural electrification in Mozambique, requiring at least eighty five percent of contract value to be supplied from India and permitting up to fifteen percent procurement from outside India (excluding consultancy). Shipments must be reported on GR/SDF forms; no agency commission is payable from the LOC though exporters may use their own or EEFC funds subject to prevailing rules. AD Category I banks must notify exporters and may permit commission remittances after realisation; directions are issued under FEMA.
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 for export finance supports Indian supplies for rural electrification in Mozambique under FEMA compliance and AD bank procedures.
Exim Bank's Line of Credit finances eligible Indian exports for rural electrification in Mozambique, requiring at least eighty five percent of contract value to be supplied from India and permitting up to fifteen percent procurement from outside India (excluding consultancy). Shipments must be reported on GR/SDF forms; no agency commission is payable from the LOC though exporters may use their own or EEFC funds subject to prevailing rules. AD Category I banks must notify exporters and may permit commission remittances after realisation; directions are issued under FEMA.
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