TaxTMI 
TaxTMI 
Exim Bank’s credit line of US$ 20 million to Korea Development Bank, South Korea
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....t is available for financing 100 per cent value of export of eligible goods to South Korea. Goods eligible for export under the line of credit are indicated in the list annexed. Eligible goods also include raw materials, agricultural products, marine products, iron and steel products and software. 2. The broad terms and conditions of the uncommitted trade finance facility are as under: a. The facility has no last dates for utilisation and shall be available until further notice. Each party shall have the right to terminate the facility without prior notice at any time. b. The contract shall be expressed in US Dollars. c. No minimum amount for export of goods under the agreement has Been stipulated. 3. Under the above arrangem....
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....rded in the space provided for. On receipt of full payment of the bills in the manner stated above, an authorised dealer should certify the duplicate copy/ies of the relative GR/SDF/SOFTEX Form/s and forward them to the concerned Regional Office of the Reserve Bank, in the usual manner. 6. Ordinarily, no agency commission shall be payable in respect of exports financed under the above facility. However, Reserve Bank of India may consider on merits, requests for payment of commission upto a maximum extent of 5 per cent of the f.o.b. value in respect of goods specified in the Annexure, which require after sales service. In such cases, commission will have to be paid in South Korea by deduction from the invoice value of the relevant shipmen....
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....pment 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 machinery • Food processing plant • Foundry equipment including mould making machinery, Sand and Shot blasting equipment • Freight containers • Garage equipment • Gas and air separation plants â....
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....ution 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. • Pressure vessels. • Printing and book-binding machinery • Pulp and Paper Mill machinery • Railway electrification equipment and structures and railway signalling equipment. • Railway rolling stock including locomotives, wagons, coaches and trolleys. • Rubber machinery • Road and construction equipment includ....
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....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 machinery and lamps fuses and electrodes for industrial application. • Electronic components. • Electronic goods including radios, TV, public address systems, record players, tape recorders. • Fibreglass, PVC and plastics based products including pipes and tubes, tyre cord. ....