9911796707
TMI BlogExim Bank's Line of Credit of US $ 10 million to Banco Nacional de Comercio Exterior, S.N.C.,MexicoX X X X Extracts X X X X X X X X Extracts X X X X ..... vailable to the latter, a line of credit upto an aggregate sum of US$ 10 million (U.S.Dollar Ten Million only). The credit has become effective from January 9, 2002, and is available for financing Indian export of eligible goods (listed in the Annexure) and related services to buyers in the borrower's country i.e. Mexico or any other country as may be requested by the buyer and approved by the borrower except to a country with which India may not have bilateral relations or on which any sanctions or embargo may have been imposed. The eligible goods will also include initial spares, drawings and designs together with services related thereto. The export of goods from India and their import into the borrower's country shall be subject to the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... me to time by Exim Bank in consultation with Bancomext. Negotiating banks from India need to be registered with the Ministry of Finance, Government of Mexico. The letter of credit shall be subject to the Uniform Customs and Practice for Documentary Credits (1994 edition) published by the International Chamber of Commerce (Publication No.500) and shall be irrevocable and if required by a seller, be also transferable. 4. Upon presentation of documents by the beneficiary to the negotiating bank, the negotiating bank shall pay to the beneficiary an amount being not more than 90 per cent of f.o.b./c f/c.i.f. contract value, apportionable to the relative shipment, in equivalent Indian Rupee at the spot rate of exchange of the negotiating bank, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the exporters on the contract to be covered under the above Line of Credit. 9. The terminal dates for opening letters of credit and utilisation of credit are January 8, 2003, and July 8, 2003, respectively. 10. Shipments under the credit will have to be declared on GR/SDF Forms as usual. All copies of GR/SDF Forms should bear a prominent superscription reading 'Export under Exim Bank line of credit dated November 28, 2001, extended to Banco Nacional de Comercio Exterior, S.N.C.(Bancomext) Mexico.' The number and date of this circular should be recorded in the space provided for. On receipt of full payment of the bills in the manner stated above, authorised dealer should certify the duplicate copy/ies of the relative GR/SDF Form/s and f ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t machinery Cement machinery Cinematographic equipment for motion picture and television studios Chemical and pharmaceutical plant and machinery Cigarette making machinery Coffee processing machinery Coke oven plant and equipment Coke oven refractories Control and Process Instruments including X-Ray equipment for Industrial Applications Copper Ore concentration machinery Dairy equipment and animal feed plant Earth moving equipment like crawler tractors, shovels, excavators, loaders, dumpers etc. Edible Oil Mill machinery and oil expellers Electric motors and pumps Electronic Data Processing eqipment Fertilizer plant and equipment Flour, rice and pulse mill machinery Food processing plant Foundry equipment ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ent and protective equipment Power line carrier communication equipment Power station structures, hydraulic structures like penstocks, gates and gearings, sub-station structures Pressure vessels Printing and book-binding machinery Pulp and Paper Mill machinery Railway electrification equipment and structures and railway signalling equipment Railway rolling stock including locomotives, wagons, coaches and trolleys Refractories for use in hot blast stoves, hot blast main and bustle pipes and blast furnace proper Road and construction equipment including road rollers, tar boilers, continuous batch plants, stone crushers, asphalt mixers, concrete mixers and vibrators Rubber machinery Ships, boats, trawlers, steamers, launc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cation Electronic components Electronic goods including radios, TV, public address systems, record players, tape recorders Fibreglass, PVC and plastics based products including pipes and tubes, tyre cord Ferrous/non-ferrous castings, forgings, stampings, extrusions and rolled products Ferrous/non-ferrous pipes, tubes, sheets, strips, foils, rods, wires, wire ropes Heating and cooling equipment including air conditioners, refrigerators, water coolers Industrial rubber products including tyres and tubes, cots and aprons, conveyor belts, rubber rollers, hose pipes Instruments for measurement, scientific survey and for surgical applications Industrial fasteners, bearings, valves, gears and gaskets X-ray and other electro-med ..... X X X X Extracts X X X X X X X X Extracts X X X X
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