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of <h1>India's Exim Bank Grants $17M Credit to Niger for Export of Goods & Services; Valid Until Feb 2012.</h1> The Export-Import Bank of India has established a Line of Credit (LOC) of USD 17 million for the Government of Niger, effective from August 30, 2006. This credit is intended to finance the export of goods and services from India, compliant with India's Foreign Trade Policy. The LOC utilization period is 48 months for project exports and until February 7, 2012, for supply contracts. No agency commission is payable under this LOC, but exporters can use their resources for commission payments. Authorized banks should inform exporters about the LOC and ensure compliance with relevant regulations under the Foreign Exchange Management Act, 1999.
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