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

Exim Bank s Government of India supported Line of Credit of USD 750 million to the Government of Nepal - FEMA - 37 - Dated:- 9-3-2017 - RBI/2016-17/246 A.P. (DIR Series) Circular No. 37 March 09, 2017 To All Category - I Authorised Dealer Banks Madam .....

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ilable 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 a .....

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under this agreement. Out of the total credit by Exim Bank under this agreement, goods and services of the value of at least 75 per cent of the contract price shall be supplied by the seller from India, except for civil works for which 50 per cent of .....

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3. Shipments under the LOC will have to be declared 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 o .....

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