|
|
|
|
(Per cent per annum)
|
| | |
|
Rates Effective
|
| |
Export Credit | Apr. 1, |
Aug. 6, |
Apr. 30, |
Jan. 1, |
|
|
|
1999
|
1998
|
1998
|
1998
|
|
|
1
|
2
|
3
|
4
|
5
|
1. |
Pre-shipment Credit |
| |
| |
| | |
|
|
|
|
|
| |
i) |
Up to 180 days |
10.00 |
9.00 |
11.00 |
12.00 |
| |
|
|
|
|
|
|
| |
ii) |
Beyond 180 days and up to 270 days |
13.00 |
12.00 |
14.00 |
14.00 |
| |
|
|
|
|
|
|
| |
iii) |
Against incentives receivable from Government |
| |
| |
| | |
covered by ECGC Guarantee up to 90 days |
10.00 |
9.00 |
11.00 |
12.00 |
| |
|
|
|
|
|
|
2. |
Post-shipment Credit |
|
|
|
|
| |
|
|
|
|
|
|
| |
i) |
Demand Bills for transit period (as |
NE |
|
NE |
NE |
| |
|
specified by FEDAI) |
10.00 |
9.00 |
11.00 |
11.00 |
| |
|
|
|
|
|
|
| |
ii) |
Usance Bills |
|
|
|
|
| |
|
(for total period comprising usance period |
|
|
|
|
| |
|
of export bills, transit period as specified by | | | | |
| | | FEDAI and grace period wherever applicable) | | | | |
| | | | | | | |
| | | | NE | |
NE |
NE |
| |
|
a) Up to 90 days |
10.00 |
9.00 |
11.00 |
11.00 |
| |
|
|
|
|
|
|
| | |
b) Beyond 90 days and up to six months from |
|
|
|
|
| |
|
the date of shipment |
12.00 |
11.00 |
13.00 |
13.00 |
| |
|
|
|
|
|
|
| |
iii) |
Against incentives receivable from Government |
NE |
|
NE |
NE |
| | |
covered by ECGC Guarantee (up to 90 days) |
10.00 |
9.00 |
11.00 |
11.00 |
| |
|
|
|
|
|
|
| |
|
|
|
|
|
|
| |
|
|
|
|
|
|
| |
iv) |
Against undrawn |
NE |
| NE |
NE |
| | |
balance (up to 90 days) |
10.00 |
9.00 |
11.00 |
11.00 |
| |
|
|
|
|
|
|
| | v) |
Against retention |
|
|
|
|
| |
|
money (for supplies |
|
|
|
|
| |
|
portion only) payable |
|
|
|
|
| | |
within one year from |
|
|
|
|
| |
|
the date of shipment |
NE |
|
NE |
NE |
| |
|
(up to 90 days) |
10.00 |
9.00 |
11.00 |
11.00 |
| |
|
|
|
|
|
|
3. |
Deferred Credit |
|
|
|
|
| |
|
|
|
|
|
|
| |
Deferred credit for the |
|
|
|
|
| |
period beyond 180 days |
Free |
Free |
Free |
Free |
| |
|
|
|
(FDA) |
(FDA) |
(FDA) |
| |
|
|
|
|
|
|
4. |
Export Credit not |
|
|
|
|
| |
otherwise specified |
|
|
|
|
| |
|
|
|
|
|
|
| |
a) |
Pre-shipment credit |
Free |
Free |
Free |
Free |
|
|
| FDA |
From the date of advance. |
| NE |
Not Exceeding. |
| Min. |
Minimum. |
| Note: |
'Free' means banks are free to charge interest at rates decided by them. |
Rupee Free
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