TaxTMI 
TaxTMI 
Exim Bank’s Line of Credit of US$ 5 million to Banque Internationale Arabe de Tunisie (BIAT)
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....e Tunisie (BIAT) on October 21, 2000, making available to the latter, a line of credit upto an aggregate amount of US$ 5 million (U.S. Dollar five million only). The credit has become effective from March 1, 2001 and is available for financing Indian export of eligible goods (listed in the Annexure) and related services to Tunisia. The eligible goods will also include initial spares, drawings and designs together with services related thereto. The export of goods from India and their import into Tunisia 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: (a) Every contract under the credit will require prior approval of Exim Bank. (b) The credit ....
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....f 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 per cent of f.o.b./c&f/c.i.f. contract value, apportionable to the relative shipment, in equivalent Indian Rupees at the spot rate of exchange of the negotiating bank, plus the amount of insurance as applicable in Indian Rupees, provided the documents presented are in order and are in conformity with the relevant letter of credit. 5. Where negotiation has been effected without reserve, Exim Bank shall, upon receipt of the negotiating bank's advice, reimburs....
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....s should bear a prominent superscription reading 'Export under Exim Bank line of credit dated October 21, 2000 extended to Banque Internationale Arabe de Tunisie'. 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, 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. No agency commission shall be payable in respect of exports financed under the above line of credit. However, Reserve Bank may consider on merit, requests for payment of commission upto a maximum extent of 5 per cent of the f.o.b./c.i.f./c&f value in....
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....¢ 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 machinery. • Food proces....
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.... 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. • Pressure vessels. • Printing and book-binding machinery. • Pulp and Paper Mill machinery. • Railway electrification equipment and structure....
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....d 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, knittings/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. • ....