Exim Bank's Line of Credit of USD 5 million to Banco Exterior De Cuba

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..... an Agreement dated October 10, 2012 with Banco Exterior De Cuba, for making available to the latter, a Line of Credit (LOC) of USD 5 million (USD Five million ) for financing eligible goods, services, machinery and equipment including consultancy services from India for the purpose of setting up of a milk powder processing plant in Camaguey Province of Cuba. The goods, services, machinery and equ .....

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..... 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 (October 09, 2018) from the execution date of the Credit Agreement in the case of supply contracts. 3. Shipments under the LOC will have to be declared on GR / SDF Forms as per instructions issued by the Reserv .....

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..... . 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 - Circular - Trade Notice - Public Notice - Instructions - Off .....

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