Exim Bank's Government of India supported Line of Credit of USD 52.30 million to the Government of the Republic of Mauritius

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....he Republic of Mauritius Export-Import Bank of India (Exim Bank) has entered into an agreement dated November 17, 2016 with the Government of the Republic of Mauritius for making available to the latter, a Government of India supported Line of Credit (LoC) of USD 52.30 million (USD Fifty two million three hundred thousand only) for the purpose of financing Project Trident in the Republic of Mauri....

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....t under the LoC is effective from April 3, 2017. Under the LoC, the terminal utilization period is 60 months after the scheduled completion date of the project. 3. Shipments under the LoC will have to be declared on Export Declaration Form as per instructions issued by the Reserve Bank from time to time. 4. No agency commission is payable for export under the above LoC. However, if required, the....