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Corporate Laws Central Ministry of Finance Reserve Bank of India Act, 1934

RBI- Exim Bank GOI-supported Line of Credit of USD 180 mn to the Government of the Socialist Republic of Vietnam for procurement of 4 Offshore Patrol Vessels (OPV) in the Borrower's Country

13-Feb-2025 | RBI//2024-2025/113 A.P. (DIR Series) Circular No. 20

RBI has issued Circular regarding Export-Import Bank of India's GOI-supported Line of Credit of USD 180 mn to the Government of the Socialist Republic of Vietnam for procurement of 4 Offshore Patrol Vessels (OPV) in the Borrower's Country effective from 13th February, 2025 Key Highlights- 1. It is notified that India, through Exim Bank, has agreed to provide the Government of the Socialist Republic of Vietnam with Government of India supported Line of Credit (LoC) of USD 180 million to buy 4 offshore patrol vessels. 2. The agreement under the LoC is effective from January 20, 2025. 3. Shipments under the LoC are required to be declared in the Export Declaration Form/Shipping Bill as per instructions issued by RBI. 4. AD Category - I Banks are required to bring the contents of the circular to the notice of their exporter constituents and advise them to obtain complete details of the LoC from the Exim Bank?s office. Kindly refer to the attached document for more information.

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