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Exim Bank's GoI supported Line of Credit of USD 109.942 million to the Government of the Democratic Republic of Congo

Exim Bank s GoI supported Line of Credit of USD 109.942 million to the Government of the Democratic Republic of Congo - FEMA - 38 - Dated:- 17-12-2015 - RBI/2015-16/272 A.P. (DIR Series) Circular No. 38 December 17, 2015 To All Category - I Authorise .....

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vernment of the Democratic Republic of Congo, for making available to the latter, a Government of India supported Line of Credit (LOC) of USD 109.942 million (USD One hundred nine million and nine hundred forty two thousand) for financing a power tra .....

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eement are 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, .....

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ler for the purpose of the eligible contract from outside India. 2. The credit agreement under the LOC is effective from November 27, 2015. The last date for opening of letters of credit and disbursement will be 48 months from the scheduled completio .....

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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 Exchange Earners Foreign Currency Account for payment of commission i .....

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