Conductor sizing is dictated by the NEC, many VFDs are made in and for places where the NEC is not valid and the rules are different, but WE still must follow the NEC when installing them.
But that said, I think maybe you missed something subtle here. 430.22 says that the conductors must be sized for the INPUT amps of the VFD, not the output amps. A 75HP motor should be 96A (usually slightly less). Your VFD is likely Asian, in which case the rating is based on the nearest kW rating at 380V 50Hz, so the amps are higher than they need be here. But regardless, the INPUT amps are almost always LOWER than the output amps because the VFD is correcting the power factor. So for example on a 75HP A-B VFD, the output is rated for 96A for the motor, but the INPUT current is only 90.5A. So you would size the conductors at 125% of 90.5A, 113A.
Also on A-B's chart, there is a MINIMUM size TD fuse of 125A, but a maximum of 200A, and a MAXIMUM breaker size of 275A. You can use anything in between. But on some drives, Asian mfrs in particular, they could only get them UL listed with SPECIFIC fuses or circuit breakers (both size and brand) in order to attain some reasonable level of SCCR, so you MUST follow whatever instructions they give you on that.
