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

Exim Bank s GoI supported Line of Credit of USD 55 million to the Government of Republic of Congo - FEMA - 34 - Dated:- 10-12-2015 - RBI/2015-16/264 A.P. (DIR Series) Circular No. 34 December 10, 2015 To All Category - I Authorised Dealer Banks Madam .....

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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, equip .....

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Bank under this agreement. Out of the total credit by Exim Bank under this agreement, the goods and services including consultancy services of the value of at least 75% of the contract price shall be supplied by the seller from India and the remaini .....

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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 date of the credit agreement in the case of other supply contracts. 3. Shipments u .....

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balances in his Exchange Earners' Foreign Currency Account for payment of commission in free foreign exchange. Authorised Dealer Category- l (AD Category-l) banks may allow such remittance after realization of full payment of contract value subje .....

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