Wait...

Online Export Import Data Search

Complete Training Video : Click Here

Date: 16-03-2017
Notification No: RBI/2016-17/252 A.P. (DIR Series) Circular No. 39
Issuing Authority: RBI  
Type: A.P.D.(Series) Circulars
File No: RBI/2016-17/252
Subject: Exim Bank's Government of India supported Line of Credit of USD 10 million to the Government of Co-operative Republic of Guyana

RBI/2016-17/252
A.P. (DIR Series) Circular No. 39

March 16th, 2017

To

All Category - I Authorised Dealer Banks

Madam / Sir,

Exim Bank's Government of India supported Line of Credit of USD 10 million to the Government of Co-operative Republic of Guyana

Export-Import Bank of India (Exim Bank) has entered into an agreement dated November 09, 2016 with the Government of Co-operative Republic of Guyana for making available to the latter, a Government of India supported Line of Credit (LOC) of USD 10 million (USD Ten million only) for financing procurement of an ocean ferry for meeting the transportation requirements of passengers, vehicles and cargo in the northern region in Guyana. The goods including plant, machinery and equipment and services including consultancy services from India for exports under this agreement are those which are eligible for export under the Foreign Trade Policy of the Government of India and whose purchase may be agreed to be financed by the Exim Bank under this agreement. Out of the total credit by Exim Bank under this agreement, goods and services of the value of at least 75 per cent of the contract price shall be supplied by the seller from India and the remaining 25 per cent of goods and services may be procured by the seller for the purpose of the eligible contract from outside India.

2. The credit agreement under the LOC is effective from March 02, 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 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 Category- I (AD Category- I) banks may allow such remittance after realization of full payment of contract value subject to compliance with the extant instructions for payment of agency commission.

5. AD Category- I banks may bring the contents of this circular to the notice of their exporter constituents and advise them to obtain full details of the LOC from the Exim Bank’s office at Centre One, Floor 21, World Trade Centre Complex, Cuffe Parade, Mumbai 400 005 or on their website www.eximbankindia.in.

6. The directions contained in this circular have been issued under Section 10(4) and Section 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 Manager

       

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 05-01-2018
Notification No. 02/2018-Customs
Seeks to amend notification 50/2017-Customs dated 30.06.2017 so as to exclude petroleum coke from the purview of concessional 5% Basic Customs Duty (BCD).

Date: 05-01-2018
Notification No. 01/2018-Customs
Seeks to amend notification No. 82/2017-Customs dated 27.10.2018 to amend the effective rate of customs duty of tariff item 6001 9200.

Date: 05-01-2018
Notification No. 02/2018-Customs (N.T.)
Amendment to notification no. 12/97-Customs (NT) dated 2nd April, 1997

Date: 04-01-2018
Notification No. 01 /2018-Customs (N.T.)
Exchange Rates Notification No.1/2018-Custom(NT) dated 4.1.2018

Date: 29-12-2017
Notification No. 97/2017-Customs
seeks to amend notification No. 53/2011-Customs dated 01st July, 2011 so as to provide deeper tariff concessions in respect of specified goods imported from Malaysia under the India-Malaysia Comprehensive Economic Cooperation Agreement (IMCECA) w.e.f. 01.01.2018 ..

Date: 29-12-2017
Notification No. 21/2017-Customs (N.T./CAA/DRI)
Tariff Notification in respect of Appointment of Common Adjudicating Authority by DGRI

Date: 29-12-2017
Notification No. 20/2017-Customs (N.T./CAA/DRI)
Tariff Notification in respect of Appointment of Common Adjudicating Authority by DGRI

Date: 29-12-2017
Notification No. 120 /2017-Customs (N.T.)
Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut,Gold and Silver

Date: 28-12-2017
Notification No. 119 /2017-Customs (N.T.)
Notification under sub-section (1) of section 4 of the Customs Act, 1962

Date: 22-12-2017
Notification No. 95/2017-Customs
Seeks to amend notification No. 152/2009-Customs dated 31.12.2009 so as to provide deeper tariff concessions in respect of specified goods imported from Korea RP under the India-Korea Comprehensive Economic Partnership Agreement (CEPA) w.e.f. 01.01.2018 .



Exim Guru Copyright © 1999-2018 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o Infodrive India
E-2, 3rd Floor, Kalkaji Main Road
New Delhi - 110019, India
Phone : 011 - 40703001