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Exim Bank’s GoI supported Line of Credit of USD 300 Mn to the SBM (Mauritius) Infrastructure Development Company Ltd. for Construction of Phase-IV of the Mauritius Metro Express Project in Mauritius - FEMA - 18

Extract

..... king available to the latter, Government of India supported Line of Credit (LoC) of USD 300 million (USD Three Hundred Million Only) for the purpose of financing its participation through Redeemable Preference Shares in public sector entities to implement the construction of Phase-IV of the Metro Express Project in Mauritius. The export of eligible goods and services from India for the purpose of the construction of Phase-IV of the Metro Express Project in Mauritius, as defined under the agreeme .....

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Exim Bank’s GoI supported Line of Credit of USD 300 Mn to the SBM (Mauritius) Infrastructure Development Company Ltd. for Construction of Phase-IV of the Mauritius Metro Express Project in Mauritius - FEMA

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..... ces in his Exchange Earners’ Foreign Currency Account for payment of commission in free foreign exchange. Authorised Dealer (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 commission. 5. AD Category - I banks may bring the contents of this circular to the notice of their exporter constituents and advise them to obtain complete details of the LoC from the Exim Bank&rs .....

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Exim Bank’s GoI supported Line of Credit of USD 300 Mn to the SBM (Mauritius) Infrastructure Development Company Ltd. for Construction of Phase-IV of the Mauritius Metro Express Project in Mauritius - FEMA

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