Exim Bank's Government of India supported Line of Credit of USD 750 million to the Government of Nepal

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..... Nepal Export-Import Bank of India (Exim Bank) has entered into an agreement on September 16, 2016 with the Government of Nepal for making available to the latter, a Government of India supported Line of Credit (LOC) of USD 750 million (USD Seven hundred fifty million only) for financing the post-earthquake reconstruction projects in Nepal. The goods including plant, machinery, equipment and se .....

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..... red on Export Declaration Form 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 its own resources or utilize balances in its Exchange Earners Foreign Currency Account for payment of commission in free foreign exchange. Authorised Dealer Category- I (AD Category- I) banks may allo .....

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