Currency denomination in Indian rupees allowed for export contracts under EXIM Bank credit; container supply linked to export timeframe. The Central Government permits export contracts and invoices to be denominated in Indian rupees when financed under an EXIM Bank line of credit. It also amends supply conditions to allow 100% Export Oriented Units that manufacture domestic freight containers to supply such containers domestically provided the containers are exported within the prescribed export timeframe or any further period permitted by Customs.
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.
Currency denomination in Indian rupees allowed for export contracts under EXIM Bank credit; container supply linked to export timeframe.
The Central Government permits export contracts and invoices to be denominated in Indian rupees when financed under an EXIM Bank line of credit. It also amends supply conditions to allow 100% Export Oriented Units that manufacture domestic freight containers to supply such containers domestically provided the containers are exported within the prescribed export timeframe or any further period permitted by Customs.
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