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of <h1>Exim Bank India Grants $33.5M Credit to Congo for Buses, Mining Equipment, and Consultancy Services.</h1> The Export-Import Bank of India has established a Line of Credit of USD 33.5 million with the Government of the Democratic Republic of Congo. Effective from February 20, 2006, this credit will finance the export of 228 buses, equipment for Miniere de Bakwanga, and other goods and services, including consultancy for a cement factory and mine rehabilitation in Congo. The terminal utilization period is 48 months for project exports and 72 months for other contracts. Shipments must be declared on GR/SDF Forms. No agency commission is payable, but exporters may use their resources for commission payments. The circular is issued under the Foreign Exchange Management Act, 1999.
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