Exim Bank's Government of India supported Line of Credit of USD 31.29 million to the Government of the Republic of Nicaragua

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..... ion to the Government of the Republic of Nicaragua Export-Import Bank of India (Exim Bank) has entered into an agreement dated September 8, 2016 with the Government of the Republic of Nicaragua for making available to the latter, a Government of India supported Line of Credit (LOC) of USD 31.29 million (USD Thirty one million two hundred ninety thousand only) for financing the transmission lin .....

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..... eement under the LOC is effective from March 30, 2017. Under the LOC, the terminal utilization period is 60 months after the scheduled completion date of the project. 3. Shipments 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 for export under the above LOC. However, if req .....

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..... 11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999) and are without prejudice to permissions / approvals, if any, required under any other law. Yours faithfully, (Deepak Kumar) Chief General Manage - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - .....

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