Exim Bank's Line of Credit of USD 15 million to the Government of the Republic of Mali

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..... rt-Import Bank of India (Exim Bank) has concluded an Agreement dated October 14, 2009 with the Government of the Republic of Mali making available to the latter, a Line of Credit (LOC) of USD 15 million (USD Fifteen million) for financing eligible goods, machinery, equipment and services including consultancy services from India for the purpose of financing Agriculture and Food processing projects .....

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..... 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 (October 13, 2015) from the execution date of the Credit Agreement in case of supply contracts . 3. Shipments under the LOC will have to be declared on GR / SDF Forms as per instructions issued by Reserve Bank from time to time. 4. No .....

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..... 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. Yours faithfully, (Salim Gangadharan) Chief General Manager-in-Charge - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management In .....

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