| INTEREST
RATE CEILING ON RUPEE EXPORT CREDIT |
At present, the ceiling on interest rates on pre-shipment rupee export credit up to 180 days and post-shipment rupee export credit up to 90 days is stipulated at BPLR (Benchmark Prime Lending Rate) minus 2.5 per cent. This dispensation is valid up to October 31, 2006.
2. It has been decided to extend the validity of the above dispensation up to April 30, 2007 (Annex).
Category |
With effect from November
1, 2006 ( up to April 30, 2007) |
| Pre-shipment
Rupee Export Credit Up to 180 days |
Not
exceeding BPLR minus |
| Post-shipment
Rupee Export Credit (a) On demand bills for
transit period (b) Usance bills up to 90 days |
Not
exceeding BPLR minus Not exceeding BPLR minus |
