TaxTMI 
TaxTMI 
Exim Bank’s Line of Credit of US$ 10 million to Banco Centroamericano de Integracion Economica (BCIE)
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....erican Bank for Economic Integration) on November 29, 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 January 21, 2002, and is available for financing Indian export of eligible goods (listed in the Annexure) and related services to buyers in the BCIE member countries viz.Costa Rica, El Salvador, Guatemala, Honduras and Nicaragua. 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 co....
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.... BCIE. The letter of credit shall be subject 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 percent 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 e....
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....nd utilisation of credit are January 20, 2003, and July 20, 2003 respectively. 10. Shipments under the credit will have to 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 November 29, 2001, extended to Banco Centroamericano de Integracion Economica (BCIE, Central American Bank for Economic Integration).' 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. ....
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....s cement machinery • Cement machinery • Cinematographic equipment for motion picture and television studios. • Chemical and pharmaceutical plant and 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 •....
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....s. • Metal working machinery • Mining machinery • Motor vehicles and 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. â....
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....on 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 • Electrical equipment including low tension insulators, batteries and accumulators, parts of electrical machinery and lamps fuses and electrodes for industrial application. • Electronic components. • Fibreglass, PVC and plastics based products including pipes and tubes, tyre cord. • Ferrous/non-ferrous castings, forgings....