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Exim Bank's Government of India supported Line of Credit of USD 95 million to the Government of the Republic of Mozambique

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..... port-Import Bank of India (Exim Bank) has entered into an agreement dated December 31, 2018 with the Government of the Republic of Mozambique for making available to the latter, a Government of India supported Line of Credit (LoC) of USD 95 million (USD Ninety Five Million only) for the purpose of financing procurement of railway rolling stock including locomotives, coaches and wagons in the Repub .....

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..... r the scheduled completion date of the project. 3. Shipments under the LoC shall be declared in Export Declaration Form as per instructions issued by the Reserve Bank from time to time. 4. No agency commission is payable for export 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 co .....

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