IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Outflow (subsidised)

ANNOUNCED AS TEMPORARY

Yes

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 01 Apr 2010 | Removal date: 31 Mar 2011
Still in force

Other export incentive

On 23 April 2010, the Reserve Bank of India (RBI) through Circular DBOD. Dir.(Exp).BC. No.94/04.02.001/2009-10 extended the interest subvention facility for the period 1 April 2010 to 31 March 2011. However, the eligible sectors under the scheme were reduced. The following sectors are now excluded - 

  1. Textiles (excluding handlooms)
  2. Leather
  3. Gems and Jewellery
  4. Marine products


The subvention scheme provides an additional 2% interest reduction on pre-shipment and post-shipment Rupee export credit for employment oriented export sectors.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

041 Fish, live, not for human consumption
042 Fish live, fresh or chilled for human consumption
043 Crustaceans, live, fresh or chilled
044 Molluscs live, fresh or chilled
045 Other aquatic invertebrates, live, fresh or chilled
049 Other aquatic plants & animals
163 Precious & semi-precious stones; natural abrasives; other minerals
261 Natural textile fibres prepared for spinning
262 Man-made textile staple fibres processed for spinning
263 Textile yarn & thread of natural fibres
264 Textile yarn & thread of man-made filaments or staple fibres
265 Woven fabrics of natural non-cotton fibres
266 Woven fabrics (except special fabrics) of cotton
267 Woven fabrics of man-made filaments & staple fibres
268 Special fabrics
271 Made-up textile articles
272 Carpets & other textile floor coverings
273 Twine, cordage, ropes & cables; articles thereof
279 Textiles n.e.c.
281 Knitted or crocheted fabrics
282 Wearing apparel, except fur apparel
283 Furskins & artificial fur; articles thereof
291 Tanned or dressed leather; composition leather
382 Jewellery & related articles

Please report this page in case you detect an inaccuracy in its content.