Please
refer to BSD Circular No 17 dated 31st March, 2001
alongwith other instructions issued on the captioned subject
from time to time.
2.
It has been decided that effective 1st July,
2001, the maximum rate of finance to be charged by the banks
from their borrowers under the Export Finance Scheme for all
eligible commodities as also under Export Sales - Part B of
the Scheme for financing Locally Manufactured Machinery shall
be 13% p.a. Where refinance is obtained by the financial institution
from the State Bank, it will be subject to a maximum of 11.5%
p.a.
3.
Suitable amendments may accordingly be made in ICD
Circular No 12 and 13 of November 13, 1994 and BSD Circular
No. 17 of 31st March, 2001.
4.
Other instructions on the subject shall remain unchanged.
Please acknowledge receipt
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