Please
refer to SMED Circular No. 17 dated July 31, 2006 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. 6.5% p.a., shall continue to be applicable
for the month of September 2006. 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 1.0% 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.