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

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..... k of India (Exim Bank) has concluded an Agreement dated August 23, 2012 with the Government of the Republic of Benin, for making available to the latter, a Line of Credit (LOC) of USD 15 million (USD Fifteen million) for financing eligible goods, services, machinery and equipment including consultancy services from India for the purpose of financing a tractor assembly plant and farm equipment manu .....

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..... gust 23, 2012. 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 (August 22, 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 instructio .....

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..... o 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 - Circular - Trade Notice - Public Notice - In .....

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