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Exim Bank's Line of Credit of USD 5.0492 million to the Banco Exterior De Cuba

FEMA - 84 - Dated:- 17-3-2015 - RBI/2014-15/502 A.P. (DIR Series) Circular No. 84 March 17, 2015 To All Category - I Authorised Dealer Banks Madam / Sir, Export-Import Bank of India (Exim Bank) has entered into an Agreement dated September 2, 2014 with the Banco Exterior De Cuba, for making available to the latter, a Line of Credit (LOC) of USD 5.0492 million (USD Five Million and Forty Nine Thousand two hundred) for financing the modernization of injectable product plant in the Republic of Cuba .....

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the seller from India and the remaining 25 percent goods and services may be procured by the seller for the purpose of Eligible Contract from outside India. 2. The Credit Agreement under the LOC is effective from February 3, 2015 and the date of execution of Agreement is September 2, 2014. Under the LOC, the last date for opening of Letters of Credit and Disbursement will be 48 months from the scheduled completion date of contract in the case of Project exports and 72 months from the execution d .....

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