Export-Import Bank of India (Exim Bank) has concluded an Agreement dated October 01, 2012 with the Government of the Kingdom of Swaziland making available to the latter, a Line of Credit (LOC) of USD 37.90 million (USD Thirty Seven million and nine hundred thousand) for financing eligible goods, services, including consultancy services from India for the purpose of Agriculture Development and Mechanization of Agriculture in Swaziland.
1. The Credit Agreement under the LOC is effective from January 03, 2013 and the date of execution of Agreement is October 01, 2012. .
2. Shipments under the LOC will have to be declared on GR / SDF Forms as per instructions issued by the Reserve Bank from time to time.
3. No agency commission is payable under the above LOC.
4. 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 Line of Credit from the Exim Bank’s office at Centre One, Floor 21, World Trade Centre Complex, Cuffe Parade, Mumbai 400 005.
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