Exim Bank's Line of Credit of USD 10 million to Eastern and Southern African Trade and Development Bank (PTA Bank)

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..... reign Exchange Madam / Sirs, Exim Bank's Line of Credit of USD 10 million to Eastern and Southern African Trade and Development Bank (PTA Bank) The Export-Import Bank of India (Exim Bank) has concluded an agreement with Eastern and Southern African Trade and Development Bank (PTA Bank) on August 31, 2004 making available to the latter a Line of Credit (LOC) upto an aggregate sum of USD 10 .....

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..... ime to time. 4. While no agency commission shall be payable in respect of exports financed under the above line of credit, Reserve Bank may consider, on merit, requests for payment of commission upto a maximum extent of 5 per cent of the f.o.b. / c f / c.i.f. value in respect of goods exported and which require after sales service. In such cases, commission will have to be paid in borrower's m .....

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..... 1) of the Foreign Exchange Management Act (FEMA), 1999 (42 of 1999) and is without prejudice to permissions / approvals, if any, required under any other law. Yours faithfully, Grace Koshie Chief General Manager - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TM .....

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