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Exim Bank's Government of India supported Line of Credit of USD 1 billion to the Government of Mongolia

Exim Bank s Government of India supported Line of Credit of USD 1 billion to the Government of Mongolia - FEMA - 10 - Dated:- 12-10-2017 - RBI/2017-18/78 A.P. (DIR Series) Circular No. 10 October 12, 2017 To All Category - I Authorised Dealer Banks M .....

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available to the latter, a Government of India supported Line of Credit (LoC) of USD 1 billion (USD One billion only) for the purpose of development of railways and related infrastructure projects in Mongolia as may be agreed between the borrower an .....

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ble 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. The goods include plant, machinery and equipment and services include consultancy services .....

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by the seller for the purpose of the eligible contract from outside India. 2. The Agreement under the LoC is effective from August 25, 2017. Under the LoC, the terminal utilization period is 60 months after the scheduled completion date of the projec .....

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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 allow such remittance after realization of ful .....

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