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Exim Bank's GoI supported Line of Credit of USD 26.24 million to the Government of Republic of Nicaragua

Exim Bank s GoI supported Line of Credit of USD 26.24 million to the Government of Republic of Nicaragua - FEMA - 14 - Dated:- 16-9-2015 - RBI/2015-16/177 A.P. (DIR Series) Circular No.14 September 16, 2015 To All Category - I Authorised Dealer Banks .....

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icaragua, for making available to the latter, a Government of India supported Line of Credit (LOC) of USD 26.24 million (USD Twenty Six million and Two Hundred and Forty Thousand) for financing building of Carlos Fonseca substation, 95 km transmissio .....

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re those which are eligible for export under the Foreign Trade Policy of the Government of India and whose purchase may be agreed to be financed by the Exim Bank under this agreement. Out of the total credit by Exim Bank under this agreement, the goo .....

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the purpose of the eligible contract from outside India. 2. The credit agreement under the LOC is effective from August 10, 2015 and the date of execution of agreement is March 25, 2015. The last date for opening of letters of credit and disbursement .....

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e to be declared on EDF/ SDF Forms as per instructions issued by the Reserve Bank from time to time. 4. No agency commission is payable under the above LOC. However, if required, the exporter may use his own resources or utilize balances in his Excha .....

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