TaxTMI 
TaxTMI 
Exim Bank's Line of Credit of US$ 10 Million to Eastern and Southern African Trade and Development Bank (PTA Bank)
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....ing 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 September 18, 2002, and is available for financing exports, from India, of eligible goods (listed in the Annexure) and related services, to buyers in any of the PTA Bank member countries viz. Burundi, Comoros, Djibouti, Egypt, Eritrea, Ethiopia, Kenya, Malawi, Mauritius, Rwanda, Somalia, Sudan, Tanzania, Uganda, Zambia and Zimbabwe. 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 PTA Bank member countries shall be subject to the laws and regulations in force in the con....
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....r 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 per cent of the 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, provided the documents presented are in order and are in conformity with the relevant letter of credit. 5. Where negotiation has been effected withou....
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....on of credit are March 17, 2004, and September 17, 2004, 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 August 2, 2002, extended to Eastern and Southern African Trade and Development Bank (PTA Bank).' The number and date of this circular should be recorded in the space provided for. On receipt of full payment of bills in the manner stated above, authorised dealers should certify the duplicate copy/ies of the relative GR/SDF Form/s. 11. No agency commission shall be payable in respect of exports financed under the above line of credit. However, Reserve Bank may consider on m....
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....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 processing plant * Foundry equipment including mould making machinery, Sand and Shot blasting equipment * Freight containers * Garage equipment *....
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.... 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 main and bustle pipes and blast furnace proper * Rubber machinery * Road and construction equipment including road rollers, tar boilers, continuous batch plants, stone crushers, asphalt mixers, concrete mixers and vibrators. * Ships, boats, trawlers, steamers, launch....