Line of Credit for project exports to Cambodia sets sourcing, documentation and commission payment rules for exporters. The Export-Import Bank of India's Line of Credit to the Government of the Kingdom of Cambodia finances the Stung Tassal Water Development project and requires that eligible goods, equipment and consultancy services must qualify under India's Foreign Trade Policy, with at least 75 per cent of contract value supplied from India and up to 25 per cent of non consultancy goods procured externally; separate deadlines apply for opening Letters of Credit and disbursements. Shipments must be declared on GR/SDF forms; agency commission is not payable under the LOC except from exporters' own resources or EEFC balances; AD Category I banks must facilitate remittances after realisation and notify exporters. The directions are issued under FEMA.
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Provisions expressly mentioned in the judgment/order text.
Line of Credit for project exports to Cambodia sets sourcing, documentation and commission payment rules for exporters.
The Export-Import Bank of India's Line of Credit to the Government of the Kingdom of Cambodia finances the Stung Tassal Water Development project and requires that eligible goods, equipment and consultancy services must qualify under India's Foreign Trade Policy, with at least 75 per cent of contract value supplied from India and up to 25 per cent of non consultancy goods procured externally; separate deadlines apply for opening Letters of Credit and disbursements. Shipments must be declared on GR/SDF forms; agency commission is not payable under the LOC except from exporters' own resources or EEFC balances; AD Category I banks must facilitate remittances after realisation and notify exporters. The directions are issued under FEMA.
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