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of <h1>Exim Bank India Offers $10M Credit Line to Hungarian Exim Bank for Indian Exports Until July 2006.</h1> The Export-Import Bank of India has established a USD 10 million Line of Credit (LOC) for the Hungarian Export-Import Bank Ltd., effective from July 22, 2004, to finance the export of Indian-origin goods and services. The credit must be utilized by July 21, 2006. Shipments under this LOC must be declared on GR/SDF Forms. No agency commission is allowed unless approved by the Reserve Bank, up to 5% for goods requiring after-sales service. Exporters must obtain approval for commission payments before shipment. Authorised Dealers should inform exporters of these details and direct them to Exim Bank for further information.
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