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of <h1>Exim Bank of India Announces $5 Million Credit Line to Boost Exports to Sri Lanka; Deadlines in 2004 and 2005.</h1> The Export-Import Bank of India has established a $5 million line of credit with a Sri Lankan bank, effective from May 20, 2003, to finance exports from India to Sri Lanka. This credit covers capital goods, machinery, consumer durables, and other eligible items under India's Exim Policy. The deadline for opening letters of credit is November 19, 2004, with credit utilization by May 19, 2005. No agency commission is allowed, but the Reserve Bank may approve up to 5% commission for exports requiring after-sales service. Exporters are advised to consult Exim Bank for further details.
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