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Exim Bank's Government of India supported Line of Credit of USD 800 million to the Government of the Republic of Maldives

..... 7 September 05, 2019 All Category - I Authorised Dealer Banks Madam/Sir Exim Bank's Government of India supported Line of Credit of USD 800 million to the Government of the Republic of Maldives Export-Import Bank of India (Exim Bank) has entered into an agreement dated March 18, 2019 with the Government of the Republic of Maldives for making available to the latter, a Government of India suppo .....

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..... outside India. 2. The Agreement under the LoC is effective from August 20, 2019. Under the LOC, the terminal utilization period is 60 months after 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. H .....

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