Exim Bank's Line of Credit of USD 1 billion to the Government of the People's Republic of Bangladesh

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..... desh Export-Import Bank of India (Exim Bank) has concluded an Agreement dated August 7, 2010 with the Government of the People's Republic of Bangladesh making available to the latter, a Line of Credit (LOC) of USD 1 billion (USD one billion) for financing eligible goods and services including project exports and consultancy services in Bangladesh. The goods and services including project exp .....

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..... last date for opening of Letters of Credit and Disbursement will be 48 months from the scheduled completion date(s) of contract(s) in the case of project exports and 72 months (August 6, 2016) from the execution date of the Credit Agreement in the case of supply contracts. 3. Shipments under the LOC will have to be declared on GR / SDF Forms as per instructions issued by the Reserve Bank from .....

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..... 6. 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 are without prejudice to permissions / approvals, if any, required under any other law. Yours faithfully, (G. Jaganmohan Rao) Chief General Manager - Circular - Trade Notice - Public Notice - Instructions - Office order .....

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