Exim Bank's Line of Credit of USD 5.0492 million to the Banco Exterior De Cuba

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..... Exim Bank) has entered into an Agreement dated September 2, 2014 with the Banco Exterior De Cuba, for making available to the latter, a Line of Credit (LOC) of USD 5.0492 million (USD Five Million and Forty Nine Thousand two hundred) for financing the modernization of injectable product plant in the Republic of Cuba. The goods, machinery, equipment and services including consultancy services from .....

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..... 48 months from the scheduled completion date of contract in the case of Project exports and 72 months 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 EDF/ SDF Forms as per instructions issued by the Reserve Bank from time to time. 4. No agency commission is payable under the above LOC. However, if require .....

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..... 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, (A.K. Pandey) Chief General Manager - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - Tax .....

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