Please
refer to BPD Circular No.18 dated 30th May, 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 aforesaid Circular i.e.2%
p.a. shall continue to be applicable for the month of July,
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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