Line of credit availability for exports to CIS countries under FEMA requires authorised dealers to notify constituents. Exim Bank extended a Line of Credit of USD 10 million to Bank TuranAlem, Kazakhstan, available to finance exports from India to all twelve CIS countries identified in the circular. All other terms and conditions of the earlier notification remain unchanged. Authorised Dealers are instructed to notify constituents and advise exporters to obtain full facility details from Exim Bank. The directions are issued under FEMA sections 10(4) and 11(1).
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Provisions expressly mentioned in the judgment/order text.
Line of credit availability for exports to CIS countries under FEMA requires authorised dealers to notify constituents.
Exim Bank extended a Line of Credit of USD 10 million to Bank TuranAlem, Kazakhstan, available to finance exports from India to all twelve CIS countries identified in the circular. All other terms and conditions of the earlier notification remain unchanged. Authorised Dealers are instructed to notify constituents and advise exporters to obtain full facility details from Exim Bank. The directions are issued under FEMA sections 10(4) and 11(1).
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