Line of Credit to Sri Lanka conditions financing on India sourcing, shipment reporting and prescribed disbursement timelines.
A concessional Line of Credit of USD 416.39 million to Sri Lanka funds specified railway track-laying projects and related goods, services and consultancy, requiring at least 85% of contract value to be sourced from India and permitting up to 15% non-consultancy imports. The Credit Agreement, effective January 24, 2011, sets Letter of Credit and disbursement timelines, mandates GR/SDF shipment reporting, disallows agency commission under the LOC (while permitting exporter-funded commission subject to remittance rules), and instructs Authorised Dealer Category-I banks to notify exporters and ensure compliance under FEMA powers.

Line of Credit for bilateral financing permits primarily India-origin supplies and sets export eligibility and disbursement timelines under foreign exchange rules.
A central bank circular notifies an Exim Bank Line of Credit to finance eligible goods, project exports and consultancy services from India, requiring at least 85% of contract value to be supplied from India and permitting up to 15% of non-consultancy goods from abroad. The Credit Agreement is effective from February 1, 2011 and prescribes separate timelines for opening Letters of Credit and disbursement. Shipments must be declared on GR/SDF forms; no agency commission is payable under the LOC though exporters may use own resources or EEFC balances for commission subject to AD Category-I bank approval after realisation.

Special currency basket valuation revised; authorised dealer banks must apply updated rupee value under FEMA directions.
The Reserve Bank notified a revision of the Rupee value of the special currency basket used for settlement under the Deferred Payment Protocols and directed Authorised Dealer Category I banks to adopt the revised rupee valuation and notify their constituents; the directions are issued under FEMA and do not affect permissions required under other laws.

Currency derivatives participation limited to FFMCs and ADs Category II as clients for hedging forex exposures.
FFMCs and ADs Category II (excluding RRBs, LABs, UCBs and NBFCs) with a minimum net worth of Rs. 5 crore may participate as clients in designated currency futures and exchange traded currency options on recognised exchanges solely to hedge their underlying foreign exchange exposures; institutions in the excluded categories are to follow Reserve Bank departmental instructions, and non compliance engages penal provisions under the Foreign Exchange Management Act.

Line of Credit for export finance requires majority Indian content, shipping declarations, and restricted agency commission remittances.
Exim Bank provided a Line of Credit to finance Indian exports for Ethiopia's sugar industry requiring at least 75 per cent Indian supply content, permitting up to 25 per cent non Indian procurement for non consultancy goods, and setting L/C and disbursement timelines tied to project completion or a fixed period from agreement execution. Shipments must be declared on GR/SDF forms; agency commission is not payable under the LOC but may be remitted by exporters from their own resources or EEFC balances after realisation and subject to instructions. AD Category I banks must notify exporters; directions issued under FEMA remain subject to other statutory approvals.

Line of Credit terms set sourcing requirements, disbursement timelines and FEMA compliance for Mozambique electrification project.
Exim Bank's Line of Credit to Mozambique finances eligible goods, machinery and consultancy from India for rural electrification, requiring at least 85 per cent India-sourced supply and permitting up to 15 per cent foreign procurement (excluding consultancy). The Credit Agreement is effective from December 13, 2010; LC opening and disbursement deadlines are 48 months from project completion for project exports and 72 months from execution for supply contracts. Shipments must be declared on GR/SDF forms. No agency commission is payable under the LOC, though exporters may pay commission from own resources or EEFC balances after realization, and AD Category I banks must notify exporters. Directions issued under FEMA sections 10(4) and 11(1).

Export credit conditions: Exim Bank line of credit to Senegal mandates majority Indian sourcing and timeline-bound LC and disbursement rules.
Exim Bank's Line of Credit to Senegal finances eligible goods, equipment and consultancy services from India for hospital supplies, requiring the majority of contract value to be sourced from India with a limited portion permitted from abroad. The Agreement prescribes distinct timelines for opening Letters of Credit and disbursements for project and supply contracts, mandates shipment declaration on GR/SDF forms, disallows agency commission under the LOC while permitting exporter-funded commission payments subject to realization and remittance rules, and directs AD Category-I banks to inform exporters and obtain LOC particulars from Exim Bank. Directions are issued under the Foreign Exchange Management Act.

Line of Credit conditions require majority India-sourced supplies and specified letter of credit and disbursement timelines.
Exim Bank's Line of Credit to Cote d'Ivoire finances eligible exports from India for a rice production programme, requiring at least 85% of contract value to be supplied from India and permitting up to 15% of goods and services (excluding consultancy) to be procured abroad. The Credit Agreement is effective from late 2010 and sets separate deadlines for opening Letters of Credit and disbursements for project and supply contracts. Shipments must be declared on GR/SDF forms. No agency commission is payable under the LOC, though exporters may use own funds or EEFC balances to remit commission in free foreign exchange after realization, subject to prevailing rules. Directions are issued under FEMA.

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.

Line of Credit conditions for export financing require majority sourcing from India and adherence to FEMA declaration rules.
Exim Bank provided a Line of Credit to finance eligible goods, equipment and consultancy services from India for an electricity interconnection project, requiring at least 85 per cent of each contract price to be supplied from India and permitting up to 15 per cent of non consultancy items to be sourced abroad; shipments must be declared on GR/SDF Forms and no agency commission is payable under the LOC except from exporter's own funds or EEFC balances subject to realisation and remittance rules.

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.