Exim Bank's Line of Credit of USD 67.40 million to the Government of the Democratic Socialist Republic of Sri Lanka

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..... uthorised Dealer Banks Madam / Sir, Export-Import Bank of India (Exim Bank) has concluded an Agreement dated March 10, 2010 with the Government of the Democratic Socialist Republic of Sri Lanka making available to the latter, a Line of Credit (LOC) of USD 67.40 million (USD sixty seven million four hundred thousand) for financing eligible goods and services including consultancy services from .....

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..... fective from August 16, 2010 and the date of execution of Agreement is March 10, 2010. 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 the case of project exports and 72 months (March 09, 2016) from the execution date of the Credit Agreement in the case of supply contracts. 3. Shipments under .....

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..... 1, 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. Yours faithfully, (G. Jaganmohan Rao) .....

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