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Please refer to BPRD Circular No. 44 dated the 17th December,
1998 in terms of which a negative list of commodities not eligible
for concessionary export finance under the Export Finance Scheme
was also circulated. It
has been decided to exclude cotton yarn and grey cloth from
the purview of the above Scheme. You are, therefore, advised
to please make following amendments/addition against Harmonised
Code No. & Sub-Heading of the aforesaid list of in-eligible
commodities:
Sr.No.
|
Commodity. |
Harmonized
Code
|
| 2
. |
Cotton
Yarn
Excluding (i) Cotton Sewing Thread (ii)
Blended Yarn with a cotton component not exceeding 49%
and
(iii)
Dyed Yarn |
|
5207.1000
5207.9000
|
| 25
. |
Grey
Cotton Cloth (All types) |
52.08
52.09
|
|
The
above instructions will come into force with immediate effect
. However, it is advised that the refinance facility against
loans already allowed by State Bank shall be available till
their respective maturities or repatriation, whichever is earlier.
Please acknowledge receipt.
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