Exim Bank's Line of Credit of USD 2 Million to Trade and Investment Development Corporation of the Philippines - TIDCORP (also known as Philippine Export-Import Credit Agency – PhilEXIM)

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.... Agency - PhilEXIM) RBI/2005-06/66 A.P.(DIR Series) Circular No. 02 July 18, 2005 To All Banks Authorised to Deal in Foreign Exchange Madam/Sir, Exim Bank's Line of Credit of USD 2 Million to Trade and Investment Development Corporation of the Philippines - TIDCORP (also known as Philippine Export-Import Credit Agency - PhilEXIM) The Export-Import Bank of India (Exim Bank) has concluded an ....

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....per instructions issued from time to time. 4. No agency commission is ordinarily payable under the above line of credit. However, if necessary, the exporter can use his own resources for payment of commission in free foreign exchange. Further, 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 respec....