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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....rade and Development Bank (PTA Bank) on August 2, 2002, 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 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....
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....rom time to time by Exim Bank in consultation with PTA Bank. 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 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 r....
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....ne of Credit. 9. The terminal dates for opening letters of credit and utilisation 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 ex....
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....¢ Cement machinery • Cinematographic equipment for motion picture and television studios. • Chemical and pharmaceutical plant and machinery. • 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 ....
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....conveyor systems. • 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 structu....
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....igh bridges • Welding machinery • Wood working machinery PART 'B' - OTHER GOODS • Agricultural implements. • Auto parts • Bicycles, motorcycles, scooters, mopeds and parts • Construction materials including sanitary ware, 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. • Pressure cookers, watches and clocks, knitting/sewing machines, vacuum flasks, cutlery, plast....