ANNOUNCEMENT 24 May 2013

In May 2013, the government of India announced a change in financial export support.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



Circular DBOD.Dir.BC.No.94/04.02.001/2012-13

https://rbi.org.in/scripts/NotificationUser.aspx?Mode=0&Id=7995


Inception date: 24 May 2013 | Removal date: 31 Mar 2014
Still in force

Other export incentive

On 24 May 2013, the Reserve Bank of India through Circular DBOD. Dir.BC. No.94/04.02.001/2012-13 extended the list of products eligible for an interest rate subvention scheme on export credit. Specifically, it added 101 tariff lines of engineering goods as well as 6 tariff lines of textile goods (both at 4 digit levels) as eligible for the scheme.


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


The measure is effective retroactively from 1 January 2013. However, the implementation date is set at 24 May 2013 as trade flows for the stated tariff lines may only have been affected after the announcement.

AFFECTED PRODUCTS

 
630120 630130 630140 630190 630210 630221 630222 630231 630232 630239 630240 630251 630253 630259 630260 630291 630319 630391 630392 630399 630419 630491 630492 630493 630499 630510 630520 630532 630533 630539 630590 630619 630690 630710 630790 721631 721632 721633 721699 721710 721720 721730 721899 721911 721912 721913 721914 721921 721922 721923 721932 721933 721934 721990 722100 722300 722530 722592 722599 722611 722810 722830 722840 722850 722860 730210 730230 730290 740710 740721 740729 760410 760421 760429 760511 760519 760521 760529 760611 760612 760691 760692 760820 760900 761090 761610 761699 830120 830140 830160 830170 830210 830220 830230 830241 830242 830249 830250 830510 830610 830621 830629 830630 830710 830910 830990 831000 831110 831120 831130 831190 840710 840732 840733 840734 840790 840810 840820 840890 841319 841320 841330 841350 841360 841370 841381 841382 841391 841392 841410 841430 841440 841451 841459 841480 841490 842611 842620 842630 842649 842699 847710 847720 847730 847751 847759 847780 847790 847910 847920 847930 847940 847960 847981 847982 847989 847990 848110 848120 848130 848140 848180 848190 848210 848220 848230 848240 848250 848280 848291 848299 848310 848320 848330 848340 848350 848360 848390 848410 848420 848490 850110 850131 850132 850133 850140 850151 850152 850153 850161 850162 850163 850164 850211 850212 850213 850220 850231 850239 850610 851110 851130 851140 851150 851180 851190 851220 851230 851290 854411 854419 854420 854430 854442 854449 854460 854470 854511 854519 854520 854590 854620 854690 854710 854720 854790 854890 860390 860699 860719 860721 860730 860791 860799 860800 871200 871310 871390 880211 880212 880230 880240 890120 890190 901110 901180 901190 901380 901540 901580 901590 901720 901730 901780 901790 901811 901812 901813 901819 901831 901832 901839 901850 901890 902110 902121 902139 902190 902300 902480 902519 902590 902610 902620 902680 902690 902710 902720 902730 902780 902790 902830 902890 902920 902990 903300 910111 910121 910211 910229 910811 911390 940290 940510 940520 940540 940550 940599
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