Page 50 - BANKING FINANCE JULY 2016

P. 50

RBI CIRCULAR

agreement. Out of the total credit by Exim Bank under For update news on Banking & Finance Industry
this agreement, the goods and services including
consultancy services of the value of at least 75% of the BANKING FINANCE
contract price shall be supplied by the seller from India A Leading Monthly Journal on Banking & Finance
and the remaining 25% goods and services (other than
consultancy services) may be procured by the seller for Covers Schemes
the purpose of the eligible contract from outside India.
Further in case of projects involving civil construction, the RBI Banking 1 Year 750
eligible goods upto the contract price supplied by the
seller from India may be further reduced from 75% to Finance Rural/Co-op 3 Year 1500
65% and further reduction can be considered on a case
to case basis, provided the sourcing is not from a third Stock Market Risk Management 5 Year 2250
country.
Subscribe Now !!
2. The credit agreement under the LOC is effective from
May 27, 2016 and the date of execution of agreement ORDER FORM
is March 09, 2016. Under the LOC, the terminal
utilization period is 48 months from scheduled New Rental Subscription No.
completion date of contract in case of project export (Please tick)
and 72 months from execution of the Credit Agreement
in case of other supply contracts. Name of Executive :

3. Shipments under the LOC will have to be declared on Designation:
EDF/ SDF Forms as per instructions issued by the Reserve Company's Name :
Bank from time to time.
Address :
4. No agency commission is payable under the above LOC.
However, if required, the exporter may use his own Pincode : Mobile :
resources or utilize balances in his Exchange Earners' Phone :
Foreign Currency Account for payment of commission
in free foreign exchange. Authorised Dealer Category- Fax : E.Mail :
l (AD Category-l) banks may allow such remittance after
realization of full payment of contract value subject to Publication Order : No.of Copies
compliance with the prevailing instructions for payment *Scheme Opted :
of agency commission.
(Please mention the scheme name example : It-1, Lit-1 or Combo 4-1)
5. AD Category-I banks may bring the contents of this
circular to the notice of their exporter constituents and Period of Subscription : From to
advise them to obtain full details of the Line of Credit
from the Exim Bank's office at Centre One, Floor 21, Details of payment : Cash/M.O./D.D./Cheque* No
World Trade Centre Complex, Cuffe Parade, Mumbai
400 005 or log on to www.eximbankindia.in. Dt drawn Rs.

6. The Directions contained in this circular have been Ordinary Registered Post (Please tick)
issued under section 10(4) and 11(1) of the Foreign
Exchange Management Act (FEMA), 1999 (42 of 1999) *For outstation cheque please add Rs.50/- towards bank charges.
and are without prejudice to permissions / approvals, Outstation cheques of metro cities accepted only. No Charges
if any, required under any other law. applicable for payable at per cheques.

Yours faithfully, Do not make any Cash Payment
(A. K. Pandey)
Chief General Manager for Subcription of Journals Signature of Subcriber

Please tear and send it along with your letter

Mode of Payment

1. Payable at per Cheque/Demand Draft favouring Sashi Pulbications

Private Limited, Payable at Kolkata

2. You can directly ECS/Deposit cash in our bank account number

below in your city and send us copy of Pay in slip by email.

A/C Name : Sashi Publications Private Limited

A/C No. : 402120110000327

Bank : Bank of India

Branch : V V K Road Branch., Kolkata, India

IFSC Code : BKID0004021

Make Online Payment by Credit Card/Debit Card or your net banking

account at our website www.sashipublications.com

50 | 2016 | JULY | BANKING FINANCE

45 46 47 48 49 50 51 52 53 54 55