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Exim Bank's Line of Credit of USD 1 billion to the Government of Nepal

Exim Bank's Line of Credit of USD 1 billion to the Government of Nepal - FEMA - 100 - Dated:- 14-5-2015 - RBI/2014-15/598 A.P. (DIR Series) Circular No. 100 May 14, 2015 To All Category - I Authorised Dealer Banks Madam / Sir, Exim Bank's Lin .....

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llion (USD One billion) for financing of hydropower, irrigation and infrastructure development projects in Nepal. The goods, machinery, equipment and services including consultancy services from India for exports under this Agreement are those which .....

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including consultancy services of the value of at least 75 per cent of the contract price shall be supplied by the seller from India except from civil works for which 50% of the contract price shall be supplied by the Seller from India. 2. The Credi .....

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, 2020 (72 months from the execution date of the Credit Agreement) in the case of other supply contracts. 3. Shipments under the LOC will have to be declared on EDF/ SDF Forms as per instructions issued by the Reserve Bank from time to time. 4. No ag .....

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