Exim Bank's Line of Credit of USD 39.69 million to the Government of the Central African Republic

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..... Export-Import Bank of India (Exim Bank) has concluded an Agreement dated March 19, 2012 with the Government of the Central African Republic, making available to the latter, a Line of Credit (LOC) of USD 39.69 million (USD thirty nine million six hundred and ninety thousand) for financing eligible goods, services, machinery and equipment including consultancy services from India for two hydro-ele .....

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..... of execution of Agreement is March 19, 2012. Under the LOC, the last date for opening of Letters of Credit and Disbursement will be 48 months from the scheduled completion date(s) of contract(s) in the case of project exports and 72 months (March 18, 2018) from the execution date of the Credit Agreement in the case of supply contracts. 3. Shipments under the LOC will have to be declared on GR / .....

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..... , Mumbai 400 005 or log on to www.eximbankindia.in . 6. The Directions contained in this circular have been issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act (FEMA), 1999 (42 of 1999) and are without prejudice to permissions / approvals, if any, required under any other law. Yours faithfully, ( Rashmi Fauzdar) Chief General Manager - Circular - Tr .....

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