Line of Credit conditions require majority Indian-origin supplies, specified disbursement periods, documentation and FEMA-based regulatory compliance. The Exim Bank's Line of Credit to EBID finances exports of eligible Indian goods, services, machinery, equipment and consultancy to specified West African member countries, conditioning finance on Foreign Trade Policy eligibility, at least 85 per cent Indian-origin supply, up to 15 per cent external procurement for non-consultancy items, mandatory declaration on prescribed export forms, prohibition of agency commission under the facility except from exporter resources or EEFC balances subject to remittance rules, and procedural implementation through AD Category-I banks under FEMA while preserving 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 conditions require majority Indian-origin supplies, specified disbursement periods, documentation and FEMA-based regulatory compliance.
The Exim Bank's Line of Credit to EBID finances exports of eligible Indian goods, services, machinery, equipment and consultancy to specified West African member countries, conditioning finance on Foreign Trade Policy eligibility, at least 85 per cent Indian-origin supply, up to 15 per cent external procurement for non-consultancy items, mandatory declaration on prescribed export forms, prohibition of agency commission under the facility except from exporter resources or EEFC balances subject to remittance rules, and procedural implementation through AD Category-I banks under FEMA while preserving other statutory permissions.
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