Application for permission to raise short term foreign currency loan/credit (i.e. Loans not requiring Governments approval)

Instructions

1.

The application complete in all respects should be submitted by the applicant to Chief General Manager, Exchange Control Department, Central Office , Reserve Bank of India, Mumbai 400 001 through an authorised dealer through which the import documents are to be received. No column should be left blank or omitted. Where any column/item is not applicable, write "Not Applicable" against it. Do not write "as per letter/document attached" except for, if necessary, against item IV of Part C.

2.

Before forwarding the application to Reserve Bank, the authorised dealer should ensure that the applicant is its regular customer and is availing of credit facilities with it to its satisfaction. Authorised dealer should carefully scrutinise all the related original documents and ensure that the application is complete in all respects and strictly in order as per the underlying import contract and the Exchange Control regulations.

3.

For filling up Part A - item III(b), the following names of industry may be used.

1.

Agriculture, Fisheries, forest

14.

Food processing

2.

Air Transport

15.

Housing & Urban Development

3.

Aluminum

16.

Industrial Development

4.

Automobiles

17.

Iron and Steel

5.

Basic Metal Industries

18.

Oil & Natural Gas

6.

Chemicals & Chemical Products

19.

Petrochemicals

7.

Coal & Lignite

20.

Power Generation

8.

Computer Technology

21.

Shipping

9.

Telecommunication

22.

Textiles

10.

Electrical goods & machinery

23.

Manufacturing & Machine Tools

11.

Electronic good

24.

Construction & turnkey project

12.

Mining

25.

Plantations

13.

Fertilizers

26.

Others (Specify

Documentation

4.

A copy each of the following documents, duly attested by authorised dealer, should be submitted:

a)

Letter of offer from the prospective foreign supplier/lender showing details of the credit/loan arrangements and its terms and conditions.

b)

A copy of the import contract/proforma/commercial invoice.

PART A - GENERAL INFORMATION

I.

Name and address of the applicant company/firm (BLOCK LETTERS)

Name of the applicant

company/firm

Address

II.

Name and telephone number of the senior executive of the applicant company/firm.

Name of the senior

executive of the

applicant Co./firm

Telephone No.

III.

a)

Nature of business of

Industry

Trading

PSU/Govt.Deptt.

applicant company/firm in India

b)

If industry, type of industry

IV.

Details of imports/exports of

(Amounts in lacs of rupees)

the:-applicant company/firm

during the last three years

Year

Import

Export

--------------------

--------------------

--------------------

V.

Details of previous approvals obtained from RBI for short-term foreign currency loan(s) which are outstanding on the date of this application:

Sr No

Reg.No Date

Amount sanctioned

Date of drawal/ expected date of drawal

Amount drawn

Balance amount yet to be drawn

date of repayment

Amount repaid

Amount to be repaid

Monthly out- standing statement submitted upto (month)

1.

2.

3.

4.

5.

6.

7.

8.

9.

10.