Exim Bank's Government of India supported Line of Credit of USD 45.27 million to the Government of Sri Lanka

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....k of India (Exim Bank) has entered into an agreement dated January 10, 2018 with the Government of the Democratic Socialist Republic of Sri Lanka for making available to the latter, a Government of India supported Line of Credit (LoC) of USD 45.27 million (USD Forty five million and two hundred seventy thousand only) for financing rehabilitation of Kankesanthurai Harbour in Sri Lanka. Under the ar....

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....e respective contract. 3. Shipments under the LoC shall be declared in 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 exporter may use his own resources or utilize balances in his Exchange Earners' Foreign Currency Account for payment of commission in free forei....