Indo-Vietnam Credit Agreement dated 1st December 1999 for Indian Rs.600 million

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..... hange Dear Sirs, Indo-Vietnam Credit Agreement dated 1 st December 1999 for Indian Rs.600 million The Government of India have extended a line of credit upto an amount of Indian Rs.600 million (Rupees six hundred million only) to the Government of the Socialist Republic of Vietnam under a credit agreement entered into between the two Governments on1st December, 1999. The credit will .....

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..... the approval of the Government of India and the Government of Vietnam and shall contain a clause to that effect. The contracts should be sent to the Ministry of Finance, Department of Economic Affairs, Government of India, New Delhi for approval. After each contract has been approved, intimation thereof will be sent to the Government of Vietnam and to the State Bank of India, New Delhi, by the Min .....

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..... of the contract and should contain the following reimbursement clause: "Reimbursement for 100% of the f.o.b. value of the contract shall be provided by the State Bank of India, New Delhi from the credit extended by the Government of India to the Government of Vietnam. The Letter of Credit is negotiable after the State Bank of India has issued an advice that it is operative". 2. Contracts con .....

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..... es covered by the Credit Agreement should be declared on GR/SDF/SOFTEX forms with prominent superscription reading "Exports to Vietnam under Credit Agreement dated 1st December, 1999 between the Government of India and the Government of Vietnam." The number and date of this circular should be recorded on the GR/SDF/SOFTEX forms in the space provided therefor. On receipt of the full payment of the .....

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..... rs faithfully, K.J. UDESHIChief General Manager Encl:1. ANNEXURE Nature of goods referred to in Indo-Vietnam Credit Agreement of 1999 (1) Capital goods (alongwith original spare parts and accessories purchased with the capital goods and included in the original contract). (2) Items eligible for coverage under this credit also include consumer durables and consultancy services .....

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