Exim Bank's Line of Credit (LOC) of USD 11 million to the Government of the Republic of Senegal

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....f USD 11 million to the Government of the Republic of Senegal Export-Import Bank of India (Exim Bank) has concluded an agreement dated January 15, 2007 withGovernmentof the Republic of Senegal, making available to the latter, a Line of Credit (LOC) of USD 11 million (USD Eleven million only) for financing Indian exports to Senegal to support the women poverty alleviation programme and acquisition....

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....nstructions issued by Reserve Bank from time to time. 4. No agency commission shall be payable in respect of exports financed under the line of credit. However, if required, the exporter may use his own resources or utilise balances of his EEFC account for payment of commission in free foreign exchange. Authorised Dealer Category - I (AD Category - I) banks may allow such remittance after realisa....