Please
refer to BPD Circular No.14 dated 30th April, 2003
alongwith other instructions issued from time to time on the
captioned subject.
2.
It has been decided that rate of refinance under the
Export Finance Scheme notified vide our Circular referred
to above i.e.2% p.a. shall continue to be applicable for the
month of June, 2003. The commercial banks shall, however,
ensure that where financing facilities are extended by them
to the exporters for availing refinance facilities under the
Export Finance Scheme, their maximum margin / spread does
not exceed 1.5% p.a.
3
The financing facilities under Part-B (Export Sales)
of the Scheme for financing Locally Manufactured Machinery
shall also attract similar mark up rate structure.
4.
Other instructions on the subject shall remain unchanged.
Please acknowledge receipt.
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