Exim Bank’s Line of Credit for USD 10 million to Bank TuranAlem, Kazakhstan
A.P. (DIR Series)
(2003-04) Circular No. 95, dated 9-6-2004
Exim
Bank’s Line of Credit for USD 10 million to Bank TuranAlem, Kazakhstan
Attention of
Authorised Dealers is invited to A.P. (DIR Series) Circular No. 84 dated April
16, 2004 (RBI/2004/148) regarding Line of Credit (LOC) for USD 10 million
extended by Exim Bank to Bank TuranAlem, Kazakhstan. It is advised that the LOC
is available for exports from India to all the twelve CIS (Commonwealth of
Independent States) countries including Kazakhstan, viz. Russia,
Azerbaijan, Uzbekistan, Turkmenistan, Kyrgyzstan, Kazakhstan, Belarus,
Ukraine, Tajikistan, Georgia, Moldova and Armenia.
2. The other terms and conditions mentioned
in the A.P. (DIR Series) Circular No. 84 dated April 16, 2004 remain
unchanged.
3. Authorised Dealers may bring the
contents of this circular to the notice of their constituents and advise them
to obtain full details of the Line of Credit from Exim Bank’s office or its
website.
4. The directions contained in this circular have been issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999).