All
Banks
Dear
Sirs,
Export
Finance Scheme -Reinstatement of the
facilities to bleached / unbleached cloth
Please
refer to the instructions contained in our BSD Circular No.
22 dated 19th August 2000 and the negative list
circulated vide BSD Circular No. 35 dated 28th
September 2001.
2.
It has been decided that henceforth the exporters of
the bleached / unbleached cloth exported at a price of above
US$ 3 (or equivalent) per square meter shall be eligible to
avail financing facilities under Part-I of the
Export Finance Scheme. As the facility has been reinstated
on the basis of the per square meter export price, in case
of substitution the exporters, availing the facilities under
EFS shall remain liable to ship bleached / unbleached fabric with a price not less that the per square meter price of the
original contract i.e. the substitution facility shall
not be available by substituting Firm Export Order/LC
in respect of bleached / unbleached fabric exported at a lower
export price.
3.
Other
instructions on the subject shall remain unchanged.
Please acknowledge receipt.
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