Exim Bank's GoI supported Line of Credit of USD 55 million to the Government of Republic of Congo

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..... ongo Export-Import Bank of India (Exim Bank) has entered into an Agreement dated February 25, 2015 with the Government of Republic of Congo, for making available to the latter, a Government of India supported Line of Credit (LOC) of USD 55 million (USD Fifty five million) for setting up a Greenfield 600 TDP rotary Kiln Cement Plant Project in the Republic of Congo. The goods, machinery, equipm .....

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..... 8 months from the scheduled completion date of contract in the case of project exports and 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 agency commission is payable under the above LOC. However, if re .....

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..... and 11(1) of the Foreign Exchange Management Act (FEMA), 1999 (42 of 1999) and are without prejudice to permissions/approvals, if any, required under any other law. Yours faithfully, (A K Pandey) Chief General Manager - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TM .....

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