Exim Bank's Government of India supported Line of Credit of USD 26 million to the Government of the Republic of Senegal

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..... lic of Senegal Export-Import Bank of India (Exim Bank) has entered into an agreement dated July 15, 2016 with the Government of the Republic of Senegal for making available to the latter, a Government of India supported Line of Credit (LOC) of USD 26 million (USD Twenty Six million only) for financing acquisition of buses in the Republic of Senegal. The goods including plant, machinery, equipment .....

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..... ts under the LOC will have to be declared on Export Declaration Form as per instructions issued by the Reserve Bank from time to time. 4. No agency commission is payable under the above LOC. However, if required, the exporter may use its own resources or utilize balances in its Exchange Earners' Foreign Currency Account for payment of commission in free foreign exchange. Authorised Dealer Categor .....

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