Line of Credit enabling India-origin supplies for Kenya's power transmission with supply localisation and FEMA compliance requirements. A Line of Credit from Export-Import Bank of India to the Government of Kenya finances Power Transmission Lines with at least 75% of contract value supplied from India and up to 25% procured outside India (excluding consultancy). The Credit Agreement effective December 2010 sets timelines for opening Letters of Credit and disbursements tied to project completion and a fixed disbursement period for supply contracts. Shipments must be declared on GR/SDF forms. No agency commission is payable under the LOC; exporters may use own funds or EEFC balances for commission subject to AD Category-I bank compliance. Directions 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 enabling India-origin supplies for Kenya's power transmission with supply localisation and FEMA compliance requirements.
A Line of Credit from Export-Import Bank of India to the Government of Kenya finances Power Transmission Lines with at least 75% of contract value supplied from India and up to 25% procured outside India (excluding consultancy). The Credit Agreement effective December 2010 sets timelines for opening Letters of Credit and disbursements tied to project completion and a fixed disbursement period for supply contracts. Shipments must be declared on GR/SDF forms. No agency commission is payable under the LOC; exporters may use own funds or EEFC balances for commission subject to AD Category-I bank compliance. Directions issued under FEMA.
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