Export Credit Schemes Sample Clauses

Export Credit Schemes. Export credit on preferential terms has been a long-standing export incentive programme in India. The EC has not imposed countervailing duties against export credit schemes, but the US and Canada have been doing so in every CVD determination. In some of the cases in the US, the GOI and exporters have been arguing that in calculating the benefit resulting from this scheme the cost-to-government approach must be adopted. However, it is clear from the earlier analysis in this note that there is no legal basis for such an argument. It is clear from Article 14 of the ASCM that the use of the benefit-to-recipient approach is valid. A question could be raised as to whether it would be appropriate for India to seek a safe haven for the use of export credit concessions by the developing countries on the lines of what has been provided for the OECD Arrangement on Official Export Credit in item (k) of the Illustrative List. In this connection, it is necessary to bear in mind that the proviso 50 GATT, BISD 18S/97. to item (k) provides a safe haven only from remedies under Article 4 of the ASCM, which can be invoked only for prohibited subsidies. As far as India is concerned the prohibition on export subsidies does not apply to it at all because of the benefit given to low income countries. To a large extent, we already have the benefit of safe haven for export credit subsidies. Seeking agreement on export credit concessions by developing countries being made non-actionable for all purposes including action under Part V for imposition of countervailing duty will be a tall order, considering that such a benefit has not been given in the ASCM to developing or developed countries for an export subsidy practice or for any specific subsidy. Taking an initiative in the matter becomes all the more incongruous in the situation in which the RBI has already commenced the process of de-regulation of interest rates for pre and post shipment rupee loans. The assessment is that this process will soon be extended to foreign currency denominated loans also. We recommend that the government should not make any proposal for clarification or improvement of the ASCM in respect of export credit.
Sample 1
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Related to Export Credit Schemes

  • EXPORT LAW You acknowledge and agree that the Software may be subject to restrictions and controls, such as but not limited to those, imposed by the European Union and/or the United States of America export control laws and regulations. You agree and certify that neither the Software nor any direct product thereof is being or will be acquired, shipped, transferred, or re-exported, directly or indirectly, into any country, except pursuant to an export control license, issued by the appropriate authority, or will be used for any purpose prohibited by the same. By using the Software, You are acknowledging and agreeing to the foregoing, and You are representing and warranting that You will comply with all of the European Union and the United States of America and other applicable country laws and regulations when either exporting or re-exporting or importing the Software or any underlying information technology. Further, You represent and warrant that You are not a national of Cuba, Iran, Iraq, Libya, North Korea, Sudan, Syria or any other country subject to trade sanctions or a party listed in the U.S. Table of Denial Orders or U.S. Treasury Department’s list of Specially Designated Nationals or any similar lists published by the relevant national authorities.

  • Foreign Account Tax Compliance Act A. To the extent the Reinsurer is subject to the deduction and withholding of premium payable hereon as set forth in the Foreign Account Tax Compliance Act (Sections 1471-1474 of the Internal Revenue Code), the Reinsurer shall pay or allow such deduction and withholding from the premium payable under this Contract.

  • Iran Contracting Act If the Contract Amount is $1,000,000 or more and Contractor did not provide to JBE an Iran Contracting Act certification as part of the solicitation process, this section is applicable. Contractor certifies either (i) it is not on the current list of persons engaged in investment activities in Iran (“Iran List”) created by the California Department of General Services pursuant to PCC 2203(b), and is not a financial institution extending $20,000,000 or more in credit to another person, for forty-five (45) days or more, if that other person will use the credit to provide goods or services in the energy sector in Iran and is identified on the Iran List, or (ii) it has received written permission from the JBE to enter into this Agreement pursuant to PCC 2203(c).

  • Export/Import 14.1 The Works (including, without limitation, any Software) may be subject to the export or import laws and regulations of:

  • Australian Consumer Law To the extent you are located in Australia: The supply of the Products or Services under this Agreement may be subject to the Australian Consumer Law, Schedule 2 of the Australian Competition and Consumer Xxx 0000 (Cth) ("Australian Consumer Law"). Where this is the case, the following statement applies in respect of any failure to comply with the consumer guarantees under the Australian Consumer Law: Our Products and Services come with guarantees that cannot be excluded under the Australian Consumer Law. Where the Australian Consumer Laws apply, you are entitled to a replacement or refund for a major failure and compensation for any other reasonably foreseeable loss or damage, subject to the limitation of liability below. You are also entitled to have the goods repaired or replaced if the goods fail to be of acceptable quality and the failure does not amount to a major failure.

  • Export Control Laws The Company has conducted its export transactions in accordance in all material respects with applicable provisions of United States export control laws and regulations, including but not limited to the Export Administration Act and implementing Export Administration Regulations.

  • Export Taxes Neither Party shall adopt or maintain any duty, tax, or other charge on the export of any good to the territory of the other Party, unless the duty, tax, or charge is also adopted or maintained on the good when destined for domestic consumption.

  • Export Rules You agree that the Software will not be shipped, transferred or exported into any country or used in any manner prohibited by the United States Export Administration Act or any other export laws, restrictions or regulations (collectively the "Export Laws"). In addition, if the Software is identified as an export controlled item under the Export Laws, you represent and warrant that you are not a citizen of, or located within, an embargoed or otherwise restricted nation (including without limitation Iran, Syria, Sudan, Libya, Cuba and North Korea) and that you are not otherwise prohibited under the Export Laws from receiving the Software. All rights to use the Software are granted on condition that such rights are forfeited if you fail to comply with the terms of this agreement.

  • Goods and Services Tax (GST (a) For the purposes of clause 9:

  • Overdraft Protection Plan If we have approved an overdraft protection plan for your account, we will honor checks drawn on insufficient funds by transferring funds from another account under this Agreement or a loan account, as you have directed, or as required under the Credit Union’s overdraft protection policy. The fee for overdraft transfers, if any, is set forth on the Rate and Fee Schedule. This Agreement governs all transfers, except those governed by agreements for loan accounts.

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