Exim Bank's Line of Credit of USD 5 Million to Eastern and Southern African Trade & Development Bank (PTA)Bank

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..... ir, Exim Bank's Line of Credit of USD 5 Million to Eastern and Southern African Trade & Development Bank (PTA)Bank The Export-Import Bank of India (Exim Bank) has concluded an agreement with the Eastern and Southern African Trade & Development Bank (PTA Bank) making available to the latter a Line of Credit (LOC) upto an aggregate sum of USD 5 Million (US Dollar Five Million only). The credit agr .....

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..... can either use their own resources or utilise the balances in their EEFC account for payment of agency commission in free foreign exchange, for export of goods under the LOC. However, no reimbursement will be available to the exporter from Exim Bank for payment of agency commission under the LOC. Authorised Dealer banks may allow remittance towards agency commission after realisation of full paym .....

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..... ar to the notice of their exporter constituents. 7. 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 is without prejudice to permissions / approvals, if any, required under any other law. Yours faithfully, Vinay Baijal Chief General Manager
Circular, Trade Notice, Public Notice, In .....

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