Exim Bank's Government of India supported Line of Credit of USD 70 million toBanco Exterior De Cuba

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.... Bank) has entered into an agreement dated April 11, 2018 with Banco Exterior De Cuba (nominated agency of the Government of Cuba) for making available to the latter, a Government of India supported Line of Credit (LoC) of USD 70 million (USD Seventy million only) for the purpose of financing setting up of a 51 MW wind energy farm in the Republic of Cuba. Under the arrangement, financing of export....

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.... 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 foreign exchange. Authorised Dealer Category- I....