Exim Bank's Line of Credit of USD 36.56 million to the Government of the United Republic of Tanzania.

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..... Export-Import Bank of India (Exim Bank) has concluded an Agreement dated March 28, 2011 with the Government of the United Republic of Tanzania making available to the latter, a Line of Credit (LoC) of USD 36.56 million (USD thirty six million and five hundred sixty thousand) for financing eligible goods and services including consultancy services from India for the purpose of financing the purchas .....

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..... and the date of execution of Agreement is March 28, 2011. Under the LoC, the last date for opening of the 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 27, 2017) from the execution date of the Credit Agreement in the case of supply contracts. 3. Shipments under the LoC will have to be .....

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..... lex, 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, (Rashmi Fauzdar) Chief General Manager - .....

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