Exim Bank's Line of Credit of USD 89.90 million to the Government of the Republic of Congo

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..... Import Bank of India (Exim Bank) has entered into an Agreement dated March 09, 2014 with the Government of the Republic of Congo for making available to the latter, a Line of Credit (LOC) of USD 89.90 million ( USD Eighty Nine million and Nine Hundred Thousand) for financing eligible goods, machinery, equipment and services including consultancy services from India for the purpose of financing Dev .....

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..... on of Agreement is March 09, 2014. 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 08, 2020) from the execution date of the Credit Agreement in the case of other supply contracts. 3. Shipments under the LOC will have to be declared on GR / SD .....

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..... ade, 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, (C D Srinivasan) Chief General Manager - Circul .....

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