Indo-Myanmar Credit Agreement dated November 17, 2000 for US$ 15 million
X X X X Extracts X X X X
X X X X Extracts X X X X
....reement dated November 17, 2000 for US$ 15 million The Government of India have extended a line of credit of US$ 15 million (US Dollar Fifteen Million only) to the Government of the Union of Myanmar under a credit agreement entered into between the two Governments on November 17, 2000. The credit will be available to the Government of the Union of Myanmar for import from India of capital goods of....
X X X X Extracts X X X X
X X X X Extracts X X X X
....Ministry of Finance, Department of Economic Affairs, Government of India, New Delhi, for approval. The Government of Myanmar and the State Bank of India, New Delhi, will be informed in respect of each approved contract by the Ministry of Finance, Government of India. b. The credit of US$ 15 million will be available on f.o.b. (free on board) basis and will cover 100 per cent value of the eligibl....
X X X X Extracts X X X X
X X X X Extracts X X X X
....f.o.b. value of the contract shall be provided by the State Bank of India, New Delhi, from U.S. $ 15 million credit extended by the Government of India to the Government of Myanmar. The letter of credit is negotiable after the State Bank of India has issued an advice that it is operative." 3. The contracts to be financed under the credit agreement for items specified in paragraph 1 of the Annexur....
X X X X Extracts X X X X
X X X X Extracts X X X X
....der credit agreement dated November 17, 2000 between the Government of India and the Government of the Union of Myanmar.' The number and date of this circular should also be recorded on the GR/SDF Forms in the space provided therefor. On receipt of the full payment of the bills in the manner indicated above, authorised dealers should certify duplicate copies of the relative GR/SDF Forms and forwar....


TaxTMI