Exim Bank's Line of Credit of USD 42.61 million to the Government of the Republic of Benin

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..... ed into an Agreement dated September 06, 2013 with the Government of the Republic of Benin, for making available to the latter, a Line of Credit (LOC) of USD 42.61 million (USD Forty two million and Six Hundred and Ten Thousand) for financing eligible goods, services, machinery and equipment including consultancy services from India for the purpose of financing up gradation of water supply schemes .....

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..... ct from outside India. 2. The Credit Agreement under the LOC is effective from December 16, 2013 and the date of execution of Agreement is September 06, 2013. Under the LOC, the 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 (September 05, 2019) from the execution date .....

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..... of the Line of Credit from the Exim Bank's office at Centre One, Floor 21, World Trade Centre Complex, Cuffe Parade, Mumbai 400 005 or log on to www.eximbankindia.in. 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 un .....

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