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(Per cent per annum)
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Export Credit
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Rates Effective
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May 18,
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May 1,
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September 26,
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May 5,
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January 6,
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May 26,
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October 29,
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April 1,
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August 6,
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April 30,
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January 1,
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2004
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2003
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2001
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2001
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2001
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2000
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1999
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1999
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1998
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1998
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1998
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1
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2
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3
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4
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5
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6
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7
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8
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9
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10
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11
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12
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1.
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Pre-shipment Credit
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i)
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Up to 180 days
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< PLR-2.5 PP
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< PLR-2.5 PP
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< PLR-2.5 PP
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< PLR-1.5 PP
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10.00
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10.00
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10.00
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10.00
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9.00
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11.00
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12.00
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ii)
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Beyond 180 days and up to 270 days
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Free
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Free
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<
PLR+0.5 PP
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<
PLR+1.5 PP
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13.00
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13.00
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13.00
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13.00
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12.00
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14.00
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14.00
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iii)
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Against incentives receivable from
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Government covered by ECGC
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Guarantee up to 90 days
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< PLR-2.5 PP
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< PLR-2.5 PP
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< PLR-2.5 PP
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< PLR-1.5 PP
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10.00
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10.00
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10.00
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10.00
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9.00
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11.00
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12.00
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2.
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Post-shipment Credit
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i)
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Demand Bills for transit period
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(as specified by FEDAI)
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< PLR-2.5 PP
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< PLR-2.5 PP
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< PLR-2.5 PP
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< PLR-1.5 PP
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< 10.00
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< 10.00
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< 10.00
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< 10.00
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9.00
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< 11.00
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< 11.00
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ii)
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Usance Bills
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(for total period comprising usance
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period of export bills, transit period
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as specified by FEDAI and grace
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period wherever applicable)
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a) Up to 90 days
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< PLR-2.5 PP
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< PLR-2.5 PP
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< PLR-2.5 PP
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< PLR-1.5 PP
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< 10.00
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< 10.00
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< 10.00
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< 10.00
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9.00
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< 11.00
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< 11.00
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b) Beyond 90 days and up to six
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months from the date of shipment
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Free
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Free
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< PLR+0.5 PP
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< PLR+1.5 PP
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12.00
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12.00
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12.00
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12.00
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11.00
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13.00
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13.00
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c) Beyond six months from the date
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–
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–
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–
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–
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–
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–
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–
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–
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–
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–
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20.00
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$
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of shipment
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(Min.)
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d) Up to 365 days for exporters under
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the Gold Card Scheme
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<
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BPLR-2.5 PP
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iii)
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Against incentives receivable from
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Government covered by ECGC
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Guarantee (up to 90 days)
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< PLR-2.5 PP
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< PLR-2.5 PP
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< PLR-2.5 PP
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< PLR-1.5 PP
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< 10.00
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< 10.00
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< 10.00
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< 10.00
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9.00
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< 11.00
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< 11.00
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iv)
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Against undrawn balance
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(up to 90 days)
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< PLR-2.5 PP
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< PLR-2.5 PP
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< PLR-2.5 PP
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< PLR-1.5 PP
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< 10.00
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< 10.00
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< 10.00
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< 10.00
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9.00
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< 11.00
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< 11.00
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v)
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Against retention money (for supplies
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portion only) payable within one
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year from the date of shipment
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(up to 90 days)
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< PLR-2.5 PP
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< PLR-2.5 PP
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< PLR-2.5 PP
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< PLR-1.5 PP
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< 10.00
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< 10.00
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< 10.00
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< 10.00
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9.00
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< 11.00
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< 11.00
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|
|
|
|
|
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3.
|
Deferred Credit
|
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Deferred credit for the period
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Free
|
Free
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Free
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Free
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Free
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Free
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Free
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Free
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Free
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Free
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Free
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| |
beyond 180 days
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(FDA)
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(FDA)
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| |
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4.
|
Export Credit, not otherwise specified
|
|
|
|
|
|
|
|
|
|
|
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|
| |
a)
|
Pre-shipment credit
|
|
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Free
|
Free
|
Free
|
Free
|
Free
|
Free
|
Free
|
Free
|
Free
|
Free
|
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| |
b)
|
Post-shipment credit
|
|
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Free
|
Free
|
Free
|
Free
|
Free
|
25.00
|
Free
|
20.00
|
20.00
|
20.00
|
20.00
|
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| |
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(Min.)
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(Min.)
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(Min.)
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(Min.)
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(Min.)
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FDA : From the date of advance. <:Not Exceeding Min. :
Minimum. – : Not Applicable. PP : Percentage points.
$ :Chronic cases, i.e. , overdues as on July 1, 1997 are exempted.
Note : ‘Free’ means banks are free to charge interest rates keeping
in view the BPLR and spread guidelines.
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