Exim Bank's Government of India supported Line of Credit of USD 10 million (as first tranche out of USD 50 million) to the Government of Republic of Seychelles

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..... vernment of India supported Line of Credit of USD 10 million (as first tranche out of USD 50 million) to the Government of Republic of Seychelles Export-Import Bank of India (Exim Bank) has entered into an agreement dated June 25, 2018 with the Government of Republic of Seychelles for making available to the latter, a Government of India supported Line of Credit (LoC) of USD 10 million ( .....

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..... ble contract from outside India. 2. The Agreement under the LoC is effective from June 24, 2019. Under the LOC, the terminal utilization period is 48 months after the scheduled completion date of the project and 72 months from execution of the LoC Agreement in case of supply contracts 3. Shipments under the LoC shall be declared in Export Declaration Form as per instructions issu .....

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..... r from their website www.eximbankindia.in 6. The directions contained in this circular have been issued 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 (R K Moolchandani) Chief General Manager .....

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