Please
refer to SME&MFD Circular No.21 dated October 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 December 2006 and onward till further
instructions. 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.