TaxTMI 
TaxTMI 
Exim Bank’s Line of Credit of U.S. $ 10 million to Export-Import Bank of Thailand (Exim Thailand)
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....o the latter, a line of credit upto an aggregate sum of US $ 10 Million (U.S. Dollars ten Million only). The credit has become effective from 30th May 2000 and is available for financing export of eligible goods and related services from India to Thailand. A list of goods eligible for export under this line of credit is given in the schedule attached to this circular. The eligible goods would also include initial spares, drawings and designs together with services related thereto. The export of goods from India and their import into Thailand shall be subject to the laws and regulations in force in both the countries. 2. The broad terms and conditions of the credit are as under: i. Every contract under the credit will require prior app....
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....ry Credits (1994 Edition) published by the International Chamber of Commerce (Publication No.500) and shall be irrevocable and if required by a seller, be also divisible and transferable. 4. Upon presentation of documents by the Beneficiary to the Negotiating Bank, the Negotiating Bank shall pay to the Beneficiary an amount being not more than 90% of f.o.b. contract value or c. & f. contract value if goods are shipped by vessels of Indian Registry, apportionable to the relative shipment in Rupees by credit to its account with such bank in India as may be specified by the Beneficiary, plus the amount of freight/insurance as applicable in Rupees, provided the documents presented are in order and are strictly in conformity with the relevant....
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....o be declared on GR/SDF forms as usual. All copies of GR/SDF Forms should bear a prominent superscription reading "Export under Exim Bank line of credit dated 4th May, 2000 extended to Export-Import Bank of Thailand (Exim Thailand)". The number and date of this circular should be recorded in the space provided for. On receipt of full payment of the bills in the manner stated above, the authorised dealer should certify the duplicate copy/ies of the relative GR/SDF form/s and forward them to the concerned Regional Office of the Reserve Bank, in the usual manner. 10. Ordinarily, no agency commission shall be payable in respect of exports financed under the above line of credit. However, Reserve Bank may consider on merits, requests for paym....
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....al plant and machinery. • Cigarette making machinery • Coffee processing machinery. • Coke oven plant and equipment • Coke oven refractories. • Control and Process Instruments including X-Ray equipment for Industrial Applications. • Copper Ore concentration machinery. • Dairy equipment and animal feed plant. • Earth moving equipment like crawler tractors, shovels, excavators, loaders, dumpers etc. • Edible Oil Mill machinery and oil expellers. • Electric motors and pumps. • Electronic Data Processing equipment. • Fertilizer plant and equipment. • Flour, rice and dal mill mac....
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....chassis, including three-wheelers. • Oil drilling rigs. • Oil refinery equipment. • Packaging and weighing machinery. • Pile foundation machinery. • Plastic machinery. • Power generation, transmission and distribution equipment including boilers, generators, transformers, switchgears, transmission line towers, conductors, cables, sub-station equipment and protective equipment. • Power line carrier communication equipment. • Power station structures, hydraulic structures like penstocks, gates and gearings, sub-station structures. • Presure vessels. • Printing and book-binding machinery. • Pulp and Pap....
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....and parts. • Construction materials including sanitaryware, tiles and precast cement products, false ceiling, flooring materials, pipes, decorative laminates, fittings, electricals and steel/aluminium doors and windows, provided they are exported as separate items and not as items forming part of civil construction/turnkey projects. • Agricultural chemicals and industrial chemicals. • Pressure cookers, watches and clocks, knitting/sewing machines, vacuum flasks, cutlery, plastic moulded luggage. • Domestic electric appliances. • Drugs and Pharmaceuticals. • Electrical equipment including low tension insulators, batteries and accumulators, parts of electrical machi....