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Exim Bank's Line of Credit of USD 61.60 million to the Government of the Republic of Kenya - FEMA - Circular No. 33

Extract

..... nd services including consultancy services from India for the purpose of financing Power Transmission Lines in Kenya. The goods and services including consultancy services from India for exports under this Agreement are those which are 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 Bank under this Agreement, the goods and services including consult .....

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Exim Bank's Line of Credit of USD 61.60 million to the Government of the Republic of Kenya - FEMA

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..... change Earners' Foreign Currency Account for payment of commission in free foreign exchange. Authorised Dealer Category- l (AD Category-l) banks may allow such remittance after realization of full payment of contract value subject to compliance with the prevailing 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 full details of the Line of Credit from the Exim Bank' .....

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Exim Bank's Line of Credit of USD 61.60 million to the Government of the Republic of Kenya - FEMA

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