Exim Bank's Government of India supported Line of Credit of USD 1 billion to the Government of Mongolia

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..... nt of Mongolia Export-Import Bank of India (Exim Bank) has entered into an Agreement on April 28, 2016 with the Government of Mongolia for making available to the latter, a Government of India supported Line of Credit (LoC) of USD 1 billion (USD One billion only) for the purpose of development of railways and related infrastructure projects in Mongolia as may be agreed between the borrower and .....

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..... act from outside India. 2. The Agreement under the LoC is effective from August 25, 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 expor .....

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..... under section 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, (J K Pandey) Chief General Manager - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management India - taxmanagementindia - taxmanagemen .....

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