ANNOUNCEMENT 26 Aug 2013

In August 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.43 /04.02.001/2013-14

https://rbi.org.in/scripts/NotificationUser.aspx?Mode=0&Id=8341


Inception date: 01 Aug 2013 | Removal date: 31 Mar 2014
Still in force

Other export incentive

 On 26 August 2013, the Reserve Bank of India through Circular DBOD. Dir.BC. No.43 /04.02.001/2013-14 increased the interest credit under the interest subvention scheme for rupee export credits from 2 percentage points to 3 percentage points subject to a floor rate on the credit of 7%. The sectors covered under the scheme include Handicrafts, Handlooms, Carpets,Small and Medium Enterprises, Readymade Garments, Processed Agriculture Products, Sport Goods , Toys and Engineering Goods. The increased rate credit is applicable from 1 August 2013.

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

AFFECTED PRODUCTS

 
121300 130211 130219 130232 130239 150600 151530 151550 151590 152200 170112 170113 170114 170191 170199 170230 170240 170290 170310 170410 170490 180400 180610 180631 180690 190110 190120 190190 190219 190220 190230 190410 190490 190531 190532 190590 200110 200190 200310 200390 200490 200559 200591 200599 200811 200819 200899 210111 210112 210120 210130 210220 210230 210610 210690 220290 220300 220710 220720 220830 220840 220850 220870 240220 240311 240319 240391 240399 290511 290512 290513 290514 290517 290519 290522 290529 290531 290539 290542 290549 290559 330124 330125 330129 330130 330190 330210 330290 330710 330720 330741 330749 330790 350110 350190 350211 350510 380910 380991 380992 380993 382311 382312 382319 382370 382410 382430 382440 382450 382460 382479 382490 420211 420212 420221 420222 420229 420231 420232 420291 420292 420299 420310 420321 420329 420330 420340 441900 442010 442090 460129 460194 460199 460219 460290 500710 500720 500790 520811 520812 520813 520819 520821 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