TMI BlogIndo-Sri Lanka Credit Agreement dated July 3, 2002, for US$ 31 MillionX X X X Extracts X X X X X X X X Extracts X X X X ..... gn Exchange Madam/Sirs, Indo-Sri Lanka Credit Agreement datedJuly 3, 2002, for US$ 31 Million The Government of India have extended a line of credit of US$ 31 million (U.S.Dollar Thirtyone million only) to the Government of the Democratic Socialist Republic of Sri Lanka under a credit agreement entered into between the two Governments on July 3, 2002. The credit of US $ 31 million will be ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tment of Economic Affairs, Government of India for approval. After each contract has been approved, intimation thereof will be sent to the Government of Sri Lanka and to the State Bank of India, New Delhi by the Ministry of Finance, Government of India. b. The credit will be available for 100 per cent of the f.o.b. value of the eligible goods to be exported from India. The value of the contract ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the Government of Sri Lanka. The letter of credit is negotiable after State Bank of India has issued an advice that it is operative." 3. Contracts to be financed under this agreement for export of the eligible goods should be signed and relative letters of credit established on or before December 31, 2003, and the full amount be drawn under the credit on or before December 31, 2004. If the full ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tents of this circular to the notice of their constituents engaged in exports to Sri Lanka. 6. The directions contained in this circular have been issued under Section 10(4) and Section 11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999). Yours faithfully, Grace Koshie Chief General Manager - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Manag ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
