TaxTMI 
TaxTMI 
Exim Bank’s Line of Credit of US$ 10 million to Banco Bradesco S.A., Brazil
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....ar Ten Million only). The credit has become effective from May 13, 2002, and is available for financing Indian export of eligible goods (listed in the Annexure) and related services to buyers in the borrower's country i.e. Brazil. 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 borrower's country 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: • Every contract under the credit will require prior approval of Exim Bank. • The credit shall be available for financing an amount upto 90 percent of the f.o.b.....
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....entation 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. 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 shall, upon receipt of the negotiating bank's written communication, reimburse the negotiating bank in U.S. Dollar with the amount of the eligible value to the extent apportionable to the relative shipment, by transfer to the credit of the negotiating bank in such ....
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....anco Bradesco S.A., Brazil.' 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. 11. 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. value in respect of goods specified in the Annexure and which require after sales service. In such cases, commission will have to be paid in the ....
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....luding 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 processing plant • Foundry equipment including mould making machinery, Sand and Shot blasting equipment • Freight containers • Garage equipment • Gas and air separation p....
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....ssion 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. • Railway rolling stock including locomotives, wagons, coaches and trolleys. • Refractories for use in hot blast stoves, hot blast m....
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....ttings, 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, 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 syst....