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Exim Bank's Government of India supported Line of Credit (LOC) of USD 500 million to the Government of Bangladesh - FEMA - 11

Extract

..... oC) of USD 500 million (USD Five hundred million only) for the purpose of financing defence related procurement, in the Republic of Bangladesh. Under the arrangement, financing of export of eligible goods and services from India, as defined under the agreement, would be allowed subject to their being eligible for export under the Foreign Trade Policy of the Government of India and whose purchase may be agreed to be financed by the Exim Bank under this agreement. Out of the total credit by Exim B .....

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Exim Bank's Government of India supported Line of Credit (LOC) of USD 500 million to the Government of Bangladesh - FEMA

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..... by the Reserve Bank from time to time. 4. No agency commission is payable for export under the above LoC. However, if required, the exporter may use his own resources or utilize balances in his Exchange Earners’ Foreign Currency Account for payment of commission in free foreign exchange. Authorised Dealer Category- I (AD Category- I) banks may allow such remittance after realization of full eligible value of export subject to compliance with the extant instructions for payment of agency c .....

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Exim Bank's Government of India supported Line of Credit (LOC) of USD 500 million to the Government of Bangladesh - FEMA

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