TaxTMI 
TaxTMI 
Exim Bank’s Line of Credit of US$ 10 million to Corporacion Andina De Fomento (CAF) (Andean Development Corporation)
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....Fomento (CAF) on July 19, 2001, making available to the latter, a line of credit upto an aggregate sum of US$ 10 million (U.S. Dollar Ten Million only). The credit has become effective from August 27, 2001, and is available for financing Indian export of eligible goods (listed in the Annexure) and related services to buyers in the borrowing countries, viz., Republics of Bolivia, Colombia, Ecuador, Peru and Venezuela. 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 the borrowers' countries shall be subject to the laws and regulations in force in the concerned countries. 2. The broad terms and conditions of the credit are ....
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....bject to the Uniform Customs and Practice for Documentary 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 per cent of f.o.b./c&f/c.i.f. contract value, apportionable to the relative shipment, in equivalent Indian Rupee at the spot rate of exchange of the negotiating bank, 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 sha....
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.... credit dated July 19, 2001, extended to Corporacion Andina De Fomento (CAF) (Andean Development Corporation).' 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&f /c.i.f. value in respect of goods specified in the Annexure and wh....
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....achinery. • 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 eqipment • Fertilizer plant and equipment • Flour, rice and dal mill machinery • Food processing plant • Foundry equipment including mould making machine....
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....ging 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 structures and railway signalling equipment. • R....
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....ion 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. • Agrigultural 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 f....