Exim Bank's Line of Credit of USD 20 million to Myanma Foreign Trade Bank , Myanmar

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..... of USD 20 million to Myanma Foreign Trade Bank , Myanmar Export-Import Bank of India (Exim Bank) has concluded an Agreement dated June 24 ,2008 with the Myanma Foreign Trade Bank ,Myanmar making available to the latter, a Line of Credit (LOC) of USD 20 million (USD twenty million ) for financing eligible goods and services including consultancy services from India relating to setting u .....

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..... m outside India. 2. The Credit Agreement under the LOC is effective from September 19, 2008 and date of execution of Agreement is June 24,2008 . Under the LOC, the last date for opening of Letters of Credit and Disbursement will be 48 months from the scheduled completion date(s) of contract(s) in case of project exports and 72 months ( June 23, 2014) from the execution date of the Credit Agreeme .....

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..... from Exim Bank's office at Centre One, Floor 21, World Trade Centre Complex, Cuffe Parade, Mumbai 400 005 or log on to www. eximbankindia. in. 6. The Directions contained in this circular have been issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act (FEMA), 1999 (42 of 1999) and are without prejudice to permissions / approvals, if any, required under any other law. .....

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