Exim Bank's Government of India supported Line of Credit (LOC) of USD 23 million to the Republic of Zimbabwe

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..... LOC) of USD 23 million to the Republic of Zimbabwe Export-Import Bank of India (Exim Bank) has entered into an agreement dated April 04, 2019 with the Republic of Zimbabwe for making available to the latter a Government of India supported Line of Credit (LoC) of USD 23 million (USD Twenty Three Million only) for the purpose of financing renovation/upgradation of Bulawayo Thermal Power Pl .....

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..... 2019. Under the LOC, the terminal utilization period is 60 months after the scheduled completion date of the project. 3. Shipments under the LoC shall be declared in 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 required, the exporter may use his own resource .....

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..... 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 - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management In .....

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