Line of Credit for Ghana conditions India-sourced supply, shipment declarations, and restricted commission payment under regulatory directions. Exim Bank extended a Line of Credit to Ghana to finance eligible India-origin goods, services and consultancy for specified projects and supply contracts, requiring a substantial India-sourced share of contract value, distinct timelines for Letters of Credit and disbursement by contract type, mandatory declaration of shipments on GR/SDF forms, prohibition of agency commission under the LOC subject to permitted remittance from exporter funds or EEFC balances after full payment, and duties on Category I Authorised Dealer banks to notify exporters and facilitate compliant remittances, with directions issued under regulatory powers without prejudice to other statutory permissions.
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 Ghana conditions India-sourced supply, shipment declarations, and restricted commission payment under regulatory directions.
Exim Bank extended a Line of Credit to Ghana to finance eligible India-origin goods, services and consultancy for specified projects and supply contracts, requiring a substantial India-sourced share of contract value, distinct timelines for Letters of Credit and disbursement by contract type, mandatory declaration of shipments on GR/SDF forms, prohibition of agency commission under the LOC subject to permitted remittance from exporter funds or EEFC balances after full payment, and duties on Category I Authorised Dealer banks to notify exporters and facilitate compliant remittances, with directions issued under regulatory powers without prejudice to other statutory permissions.
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