Exim Bank s Line of Credit of USD 1 billion to the Government of Nepal

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....nk of India (Exim Bank) has entered into an Agreement dated November 25, 2014 with the Government of Nepal, for making available to the latter, a Line of Credit (LOC) of USD 1 billion (USD One billion) for financing of hydropower, irrigation and infrastructure development projects in Nepal. The goods, machinery, equipment and services including consultancy services from India for exports under thi....

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....rom the execution date of the Credit Agreement) in the case of other supply contracts. 3. Shipments under the LOC will have to be declared on EDF/ SDF Forms as per instructions issued by the Reserve Bank from time to time. 4. No agency commission is payable under the above LOC. However, if required, the exporter may use his own resources or utilize balances in his Exchange Earners' Foreign C....