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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 Line of Credit of USD 1 billion to the Government of Nepal Export-Import Bank of India (Exim Bank) has entered into an Agreement dated November 25, 2014 with the Government of Nepal, for making available to the latter, a Line of Credit (LOC) of USD 1 bi .....

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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 Credit Agreement under the LOC is effective from March 27, 2015. 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 November 24 .....

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