Exim Banks Line of Credit (LOC) of USD 5 million to the Eastern African Development Bank, Kampala, Uganda

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..... vember 24, 2005 with the Eastern African Development Bank (EADB), Kampala, Uganda, making available to the latter, a Line of Credit (LOC) of USD 5 million (USD Five million only) for financing exports from India of equipment, eligible goods and services, 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 Exim B .....

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..... sales service. In such cases, commission will have to be paid by deduction from the invoice of relevant shipment to the agents in member countries of EADB (Uganda, Kenya and Tanzania) and the reimbursable amount by the Exim Bank to the negotiating bank will be 90 per cent of the f.o.b./ c.f.r. / c.i.f. value. Approval for the payment of commission should be obtained before the relevant shipment i .....

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..... en 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, (Salim Gangadharan) Chief General Manager RBI/2007-2008/117 - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management India - taxmanagementindia - .....

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