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Exim Bank's GoI supported Line of Credit of USD 86.31 million to Myanma Foreign Trade Bank (MFTB), Myanmar

Exim Bank s GoI supported Line of Credit of USD 86.31 million to Myanma Foreign Trade Bank (MFTB), Myanmar - FEMA - 2 - Dated:- 14-7-2016 - RBI/2016-17/13 A.P. (DIR Series) Circular No. 02 July 14, 2016 To All Category - I Authorised Dealer Banks Mad .....

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, Myanmar for making available to the latter, a Government of India supported Line of Credit (LOC) of USD 155 million (USD one hundred fifty five million only) for financing the procurement of rolling stock, equipment and upgradation of three major r .....

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goods, machinery, equipment, and services including consultancy services from India for exports under this Agreement are those which are eligible for export under the Foreign Trade Policy of the Government of India and whose purchase may be agreed t .....

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rom India and the remaining 25% goods and services may be procured by the seller for the purpose of the eligible contract from outside India. 2. The credit agreement under the LOC is effective from June 27, 2016. Under LOC, the terminal utilization p .....

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er 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 Exchange Earners Foreign Currency Account fo .....

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