RBI/2012-13/376
DBOD.Dir.(Exp)BC.No.70/04.02.001/2012-13

January 14, 2013

All Scheduled Commercial Banks
(excluding RRBs)

Dear Sir/ Madam,

Rupee Export Credit – Interest Subvention

Please refer to our circular DBOD.Dir.(Exp).BC.No.112/04.02.001/2011-12 dated June 19, 2012 wherein interest subvention of 2% was extended w.e.f. April 1, 2012 to March 31, 2013 on pre and post shipment rupee export credit for certain employment orientated export sectors.

2. In this connection, the Government of India has decided to widen the scheme to include certain items covering the Engineering Sectors. The Scheme will be made available to the Engineering Sector on pre and post shipment export credit on the same terms and conditions as available to other sectors. A list of 134 tariff lines of Engineering products approved for inclusion in Interest Subvention for the period January 1, 2013 to March 31, 2013 is enclosed to this circular (Annex I).

3. Further, it has also been decided to extend the 2% Rupee Export Credit Interest Rate Subvention Scheme for the following sectors w.e.f. April 1, 2013 to March 31, 2014 on the same terms and conditions:

  1. Handicrafts
  2. Carpet
  3. Handlooms
  4. Small and Medium Enterprises (SMEs) (as defined in Annex II)
  5. Readymade Garments
  6. Processed Agriculture Products
  7. Sports Goods
  8. Toys
  9. 134 Tariff lines on Engineering Goods (as per Annex I).

4. Accordingly, banks may reduce the interest rate chargeable to the exporters as per Base Rate system in the above mentioned sectors eligible for export credit subvention by the amount of subvention available subject to a floor rate of 7%. Banks may ensure to pass on the benefit of 2% interest subvention completely to the eligible exporters.

5.  A directive No. DBOD.Dir.(Exp).BC.No.69/04.02.01/2012-13 dated January 14, 2013 issued in this regard is enclosed.

6.  The procedure for claiming subvention is as follows:

  1. The amount of subvention would be reimbursed on the basis of claim submitted as at the end of respective quarters in the format enclosed.
  2. The amount of subvention will be calculated on the amount of export credit from the date of disbursement
    a. up to the date of repayment; orb. up to the date beyond which the outstanding export credit becomes overdue.
  3. The claims should be accompanied by an External Auditor’s Certificate certifying that the claims for subvention of Rs…………….for the respective quarter is true and correct.  Settlement of the claim will be done only on receipt of this certificate.
  4. Claims may be submitted in the format given in Annex III to the Chief General Manager-in-Charge, Department of Banking Operations and Development, Reserve Bank of India, Central Office, 13th floor, Shahid Bhagat Singh Marg, Fort, Mumbai – 400001.
  5. In case no interest subvention is paid for any quarter/s, a NIL statement may be submitted.

Yours faithfully,

(Sudha Damodar)
Chief General Manager

Encl: as above


Annex I

Tariff lines of engineering products approved for inclusion for interest subvention

Sl. No. ITC(HS) Description

1

7301 SHEET PILING OF IRON OR STEEL, WHETHER OR NOT DRILLED, PUNCHED OR MADE FROM ASSEMBLED ELEMENTS; WELDED ANGLES, SHAPES

2

7309 RESERVRS & CONTAINRS FR ANY MATRL(OTHR THNCMPRSD/LIQD GAS)OF IRN/STL-CAPCTY>300 LTR NOT FITD WITH MECHNCL/THERMAL EQUIPMEN

3

7310 TANKS,DRUMS ETC & SMLR CONTNRS FOR MATERLS(OTHR THN CMPRSD/LQFD GAS)-CAPCTY<=300LTRNOT FITTED WTH MECHNCL OR THERML EQ

4

7311 CONTAINERS FOR COMPRESSED OR LIQUEFIED GAS, OF IRON OR STEEL

5

7314 CLOTH (INCLUDING ENDLESS BANDS), GRILL, NETTING AND FENCING, OF IRON OR STEEL WIRE; EXPANDED METAL OF

6

7315 CHAIN AND PARTS THEREOF, OF IRON OR STEEL

7

7316 ANCHORS, GRAPNELS AND PARTS THEREOF, OF IRON OR STEEL

8

7317 NAILS, TACKS, DRAWING PINS, CORRUGATED NAILS,

9

7318 SCRWES,BOLTS,NUTS,COACHSCREWS,SCREW HOOKS RIVETS,COTTERS,COTTER-PINS,WASHERS(INCL SPRING WASHERS)& SMLR ARTICLES OF IRN/STL

10

7319 SEWNG,KNITING NEEDLS,BODKINS,CROCHET BOOKSETC.& SMLR ARTCLS FOR USE IN HAND,OF IRN/ STL;SAFETY PINS & OTHR PINS NES/INCLU

11

7320 SPRINGS AND LEAVES FOR SPRINGS, OF IRON OR STEEL

12

7321 STOVS,RANGS,GRATS,COOKRS,BARBECUS,BRAZIRS GAS-RINGS,PLATE WARMRS & SMLR NON- ELECTRICDOMESTC APPLIANCES & ITS PRTS OF I

13

7322 RADTRS FR CNTRL HTNG & ITS PRTS OF IRN/ STLAIR HTRS & HT AIR DSTRBTRS NT ELCTRCLY HTD,INCORPRTNG MOTOR DRIVN FAN & ITS PR

14

7323 TABLE KITCHN OR OTHR DOMESTIC ARTCLS & ITSPARTS OF IRN/STL;IRN OR STL WOOL; SCOURERS OR POLISHNG PADS,GLOVS & LIKE OF

15

7324 SANITARY WARE AND PARTS THEREOF, OF IRON OR STEEL

16

7408 COPPER WIRE

17

7409 COPPER PLATES, SHEETS AND STRIP, OF A THICKNESS EXCEEDING 0.12.5 MM

18

7410 COPPER FOIL(W/N PRINTD OR BACKD WTH PAPR, PAPRBORD,PLSTCS OR SMLR BACKING MATERLS) OF A THICKNESS(EXCL BACKING)<=0.15 MM

19

7411 COPPER TUBES AND PIPES

20

7412 COPR TUBE/PIPE FITNG(CUPLNGS,ELBOWS,SLEVS)

21

7413 STRANDED WIRE, CABLES, PLATED BANDS AND THE LIKE, OF COPPER, NOT ELECTRICALLY INSULATED

22

7415 NAILS, TACKS, DRAWING PINS, STAPLES (OTHER THAN THOSE OF HEADING 8305) AND SIMILAR ARTICLES, OF COPPER OR OF IRON OR STEEL

23

7418 TABLE, KITCHEN OR OTHER HOUSEHOLD ARTICLES AND PARTS THEREOF, OF COPPER; POT SCOURERS AND SCOURING OR POLISHING PADS, G

24

7419 OTHER ARTICLES OF COPPER

25

7607 ALMNM FOIL(W/N PRNTD/BCKD WTH PAPR PAPRBOARD-PLSTCS ETC.)OF THCKNS(EXCL ANY BCKNG)NT EXCDNG 0.2 MM

26

7611 ALMNM RSVRS,TNKS,VATS ETC.FR ANY MATRL (EXCL CMPRSSD GAS)OF CPCTY>300L,W/N LND HT-INSLTD,BT NT FTD WTH MCHNL/THRML EQPMNT

27

7612 ALMNM CSKS,DRMS,CANS ETC(INCL CLPSBL TBLR CONTNRS)FR ANY MTRL(EXCL GAS),OF<=300L,W/ NW/N LIND BUT NT FTD WTH MHCHNCL/THRML EQU

28

7613 ALMNM CONTAINERS FOR COMPRESSED/LQFD GAS

29

7614 STRANDED WIRE, CABLES, PLAITED BANDS AND THE LIKE, OF ALUMINIUM, NOT ELECTRICALLY INSULATED

30

7615 TABL,KTCHN/OTHR HOUSLD ARTCLS & PRTS OF ALMNM,POT SCOURS & SCOURNG/POLSHNG PADS GLOVS & TH LIKE,SNTRY WRE & PRTS OF ALMNM

31

8201 HND TOOLS LIKE SPADES,SHOVELS,HOES,FORKS AXES & SIMLR SEWING TOOLS SECATRS-ANY KINDKNIVES,HEDGE SHEARS ETC USD IN AGR/FORSTRY

32

8202 HND SAWS;BLDES FOR SAWS OF ALL KINDS (INCLD SLITNG SLOTNG OR TOTHLES SAW BLADES

33

8203 FILES, RASPS, PLIERS (INCLUDING CUTTING PLIERS), PINCERS, TWEEZERS, METAL CUTTING SHEARS, PIPE-CUTTERS, BOLT CROPPERS

34

8204 HND OPRTED SPANERS & WRENCHS(INCLD TORQUE METER WRENCHS BUT NT TAP WRENCHS);INTER CHANGBLE SPANER SOCKETS WTH HANDLE OR NOT

35

8205 HND TOOLS(INCLD GLAZIERS’DIAMONDS)N.E.S. BLOW LAMPS;VICES,CLAMPS,OTHR THN ACSORS &PRTS OF MCHN TLS;ANVILS;PRTBLE FORGES ETC

36

8206 TOOLS OF TWO OR MORE OF THE HEADINGS 8202 TO 8205, PUT UP IN SETS FOR RETAIL SALE

37

8207 INTRCHANGBL TOOLS FOR HND TOOLS W/N POWR OPERATD OR FOR MACHIN TOOL(E.G.FOR PRESNG STAMPING ETC.)DIES FR DRILNG/BORNG TOOLS

38

8208 KNIVES AND CUTTING BLADES, FOR MACHINES OR FOR MECHANICAL APPLIANCES

39

8209 PLTES STIKS TIPS & LIKE FOR TLS,UNMOUNTD OF CERMETS

40

8210 HND-OPRETD MCHNCL APPLNCS WEIGHNG <=10KG. USED IN PRPRNG,CONDITNG,SERVNG FOOD/DRINK

41

8211 KNIVS WTH CUTNG BLADES,SERATD OR NT (INCL PRUNING KNIVES) OTHER THAN KNIVES OF HDG NO.8208 & BLADES THEREFOR

42

8212 RAZORS AND RAZOR BLADES (INCLUDING RAZOR BLADE BLANKS IN STRIPS)

43

8213 SCISORS TAILR’S SHEARS & SIMLR SHEARS & BLADES THEREFOR

44

8214 OTHER ARTICLES OF CUTLERY (FOR EXAMPLE, HAIR CLIPPERS, BUTCHERS OR KITCHEN CLEAVERS, CHOPPERS AND MINCING KNIVES, PAP

45

8215 SPOONS, FORKS, LADLES, SKIMMERS, CAKE- SERVERS, FISHKNIVES, BUTTER-KNIVES, SUGAR TONGS AND SIMILAR KITCHEN OR TABLEWARE

46

8402 STM/OTHR VAPR GNRTNG BOILRS(EXCL CNTRL HTNG HOT WATER BOILRS CPBL ALSO OF PRDCNG LOW PRESSURE STEAM);SUPER-HEATD WTR BOILRS

47

8403 CNTRL HTNG BOILRS EXCL OF HDG NO.8402

48

8404 AXLRY PLNT,USD WTH BOILRS OF HDG NO.8402/ 8403(E.G. ECNMSRS,SUPR-HTRS,SOOT-RMVR, GAS-RCVR);CNDNSR FR STM/OTHR VPR POWR UNIT

49

8405 PRDCR/WTR GAS GNRTRS,ACETLEN GAS GNRTRS & SMLR WTR PRCS GNRTRS,W/N WTH THEIR PURIFRS

50

8406 STEAM TURBINES AND OTHER VAPOUR TURBINES

51

8410 HYDRAULIC TURBINES, WATER WHEELS, ANDREGULATORS THEREFOR

52

8411 TURBO-JETS, TURBO-PROPELLERS AND OTHER GAS TURBINES

53

8415 AIRCONDTNG MCHNS,CMPRSNG MOTR-DRVN FAN & ELMNTS FR CHNG TMPRTR & HUMDTY ,INCL THOSE MCHNS IN WHCH HUMDTY CANNT BE SPRTLY RGLT

54

8416 FURNC BURNRS FR LIQUID FUEL,FR PULVRSD SOLID FUEL/FR GAS;MCHNCL STOKRS,MCHNCL GRTS,MCHNCL ASH DISCHRGS & SMLR APPLNCS

55

8417 INDUSTRIAL OR LABORATORY FURNACES AND OVENS, INCLUDING INCINERATORS, NON- ELECTRIC

56

8418 RFRGRTRS,FRZRS & OTHR RFRGRTNG/FRZNG EQPMNT,ELCTRC/OTHR;HT PUMPS EXCL AIR CONDTNG MCHNS OF HDG NO.8415

57

8419 MCHNRY,PLNT/LABORATORY EQPMNT,W/N ELCTRCLYHEATD,FR HEATNG,COOKNG,ETC,EXCL MCHNRY FR DOMSTC PURPS;STORG WTR HEATRS,NON-ELCTRC
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58

8420 CALENDERING OR OTHER ROLLING MACHINES, OTHER THAN FOR METALS OR GLASS, AND CYLINDERS THEREFOR

59

8421 CENTRIFUGES, INCLUDING CENTRIFUGAL DRYERS; FILTERING OR PURIFYING MACHINERY AND APPARATUS, FOR LIQUIDS OR GASES

60

8422 DISH WASHING MACHINES; MACHINERY FOR CLEANING OR DRYING BOTTLES OR OTHER CONTAINERS; MACHINERY FOR FILLING, CLOSING

61

8423 WEIGHING MACHINERY (EXCLUDING BALANCES OF A SENSITIVITY OF 5 CENTIGRAMS OR BETTER), INCLUDING WEIGHT OPERATED COUNTING OR CHEC

62

8424 MCHNCL APPLNCS (W/N HND-OPRTD)FR PRJCTNG, DSPRSNG LQDS/PWDR;FIRE EXTNGSHR,W/N CHRGD;SPRY GUNS & LIKE;STM/SND BLSTNG&SMLR MCHNS

63

8425 PULLEY TACKLE AND HOISTS OTHER THAN SKIP HOISTS;

64

8432 AGRCLTRL,HRTCLTRL/FRSTRY MCHNRY FR SOIL PRPRTION/CLTVTN;LAWN/SPRTS-GRND RLLRS

65

8433 HRVSTNG/THRSHNG MCHNRY INCL STRAW/FODR BLRS;GRASS MOWRS;MCHNS FR CLNG,SRTNG EGGS,FRUIT/OTHR SMLR PRDC EXCL MCHNRY OF 8437

66

8434 MILKING MACHINES AND DAIRY MACHINERY

67

8435 PRSSES,CRSHRS & SMLR,MCHNRY USD IN MNFCTR OF WINE,CIDER,FRUIT JUICES/SMLR BVRGS

68

8436 OTHR AGRCLTRL,HRTCLTRL,POLTRY/BEE-KEEPNG MCHNRY INCL GRMNTN PLNT FTTD WTH MCHNCL/ THRML EQPMNT;POLTRY INCUBTRS & BROODRS

69

8437 MCHN FR CLNG,SRTNG SEED,GRAIN/LGMNS VGTBL;MCHNRY FOR MLNG INDSTRY/FR WRKNG OF CRL/ DRIED LGMNS VEGTBLS,EXCL FARM-TYPE MCHNRY

70

8438 MCHNRY,N.E.S.,FR INDSTRL PRPTN/MNFCTR OF FOOD/DRNK,EXCL MCHNRY FR EXTRCTN/PRPRTN OFANML/FXD VGTBL FATS/OILS

71

8439 MCHNRY FR MKNG PULP OF FIBROUS CELLULOSIC MTRL/FR MKNG/FNSHNG PAPER/PAPERBOARD

72

8440 BOOK-BINDING MACHINERY, INCLUDING BOOK- SEWING MACHINES

73

8441 OTHER MACHINERY FOR MAKING UP PAPER PULP, PAPER OR PAPERBOARD, INCLUDING CUTTING MACHINES OF ALL KINDS

74

8442 MCHNRY,APPRTS & EQPMNT(EXCL OF 8456 TO 8465),FR TYPE-FOUNDNG/TYPE-STTNG,FR PRPRNG PRNTNG BLKS,PLTS ETC;BLKS FR PRNTNG

75

8443 PRINTNG MACHNRY,INCL INK-JET PRINTNG MCHNSEXCL HDNG. NO 8471; MCHNS FR USES ANCILARY TO PRINTNG.

76

8444 MCHNS FR EXTRUDING,DRAWING,TEXTURING OR CUTTING MAN-MADE TEXTILE MATERIALS

77

8445 MCHNS FR PRPRNG TXTL FBRS;SPNG,TWSTNG ETC MCHNRY FR PRDCNG TXTL YRNS;MCHNS FR PRPRNGTXTL YRNS FR USE ON MCHNS OF 8446/8447

78

8446 WEAVING MACHINES (LOOMS)

79

8447 KNTNG MCHNS,STCH-BNDNG MCHNS & MCHNS FR MKNG GMPD YRN,TULLE,LACE,EMBRDRY,TRMMNG, BRAID/NET & MCHNS FR TFTNG

80

8448 AUXLRY MCHNRY USD WTH MCHNS OF HDG 8444, 8445,8446/8447;PRTS & ACCSSRS USD WTH THIS HDG/OF HDG 8444,8445,8446/8447

81

8449 MCHNRY FR MNFCTR OF FINSHNG OF FELT OR NON-WOVNS IN PIECE/IN SHAPS,INCL MCHNRY FRMKNG FELT HATS,BLOCKS FR MKNG HATS

82

8450 HOUSEHOLD OR LAUNDRY-TYPE WASHING MACHINES, INCLUDING MACHINES WHICH BOTH WASH AND DRY

83

8451 0THER PARTS OF HOUSEHOLD LAUNDRY TYPE MCHNETC&MCHNS FR APPLYNG PST TO BASE FBRC ETC;MCHNS FR RLNG,UNRLNG,FLDNG/CTTNG TXTL FBRC

84

8452 SEWNG MCHNS,EXCL BOOK-SEWNG MCHNS OF HDG NO 8440;FURNTR,BASES & COVRS SPCLY DSGND FOR SEWNG MCHNS;SEWNG MCHNS NEDLS

85

8453 MCHNRY FR PREPARING,TANG/WRKNG HIDES, SKINS/LTHR/FR MKNG/REPAIRNG FOOTWEAR/OTHR ARTCLS OF HIDES,SKINS ETC EXCL SEWNG MCHNS

86

8454 CNVRTRS,LADLS,INGOT MOULDS & CASTNG MCHNS USD IN METALLURGY/IN METAL FOUNDRIES

87

8455 METAL-ROLLING MILLS AND ROLLS THEREFOR

88

8456 MCHN-TOLLS FR WRKNG ANY MATRL BY RMVL OF MATRL,BY LASR/OTHR LIGHT/PHOTN BEAM, ULTRSONC ELCTRO-DSCHRG,ELCTRO-CHMCL,ETC

89

8457 MACHINING CENTRES, UNIT CONSTRUCTION MACHINES (SINGLE STATION) AND MULTI- STATION TRANSFER MACHINES FOR WORKING META

90

8458 LATHES (INCLUDING TURNING CENTRES) FOR REMOVING METAL

91

8459 MCHN-TOOLS (INCL WAY-TYPE UNIT HEAD MCHNS)FR DRLLNG,BORNG,MLLNG,THRDNG/TAPNG BY REMOVNG MTL, EXCL LATHS OF HDG NO. 8458

92

8460 MCHN-TOOLS FR DBURNGS,SHRPNG,GRNDNG,HNING POLSHNG/OTHRWS FINSNG MTL ETC,CRMTS BY GRNDNG STONS,GEAR GRNDNG MCHNS OF HDG NO.8

93

8461 MCHN-TOOLS FR PLNING,SHAPNG,SLOTNG,BROCHNG GEAR CUTNG/GRNDNG/FINSNG ETC WRKNG BY REMOVNG MTL, CERMETS N.E.S./INCLUDED

94

8462 MCHN-TLS FR WRKNG MTL BY FORGN,HAMMRNG/ DIE-STMPNG;FR WRKG MTL BY BENDNG,FOLDNG, ETC;PRSSES FR WRKNG MTL/MTL CRBDS, NES

95

8463 OTHER MACHINE-TOOLS FOR WORKING METAL, OR CERMETS, WITHOUT REMOVING MATERIAL

96

8464 MCHN-TOOLS FR WRKNG STONE,CERAMICS, CONCRETE,ASBESTOS-CEMENT/LIKE MNRL MTRLS OR FR COLD WRKNG GLASS

97

8465 MCHN-TOOLS(INCL MCHNS FR NAILNG,STAPLNG, GLUENG/OTHRWS ASSEMBLNG)FR WRKNG WOOD, CORK,BONE,HARD RUBBER,HARD PLASTICS ETC

98

8466 PRTS & ACCSSRS SUITBL FR USE WTH MCHNS OF HDG NOS8456 TO 8465,INCL WRK/TOOL HOLDRS,SLF-OPENG DIEHEADS,ETC;TOOL HOLDRS

99

8467 TOOLS FOR WORKING IN THE HAND, PNEUMATIC, HYDRAULIC OR WITH SELF- CONTAINED ELECTRIC OR NON-ELECTRIC MOTOR

100

8468 MCHNRY & APPRTS FR SOLDRNG,BRAZNG/WELDNG, W/N CPBL OF CUTNG,EXCL OF HDG NO. 8515; GAS-OPERTD SURFACE TAMPRN MCHNS & APPLNCS

101

8474 MCHNRY FR SORTNG,SCRENG,SEPARTNG,WASHNG, CRSHNG ETC OF MNRL SUBSTNCS,IN SOLID FORM MCHNS FR SHPNG MNRL FUEL&FRMNG MLDS OF

102

8475 MCHNS FR ASSMBLNC ELCTRC/ELCTRNC LAMPS, TUBES/VALVE/FLASH-BULBS,IN GLASS ENVELOPS,MCHNS FR MNFCTRNG/HT WRKNG GLASS/GLASSWAR

103

8476 AUTOMTC GOODS-VENDNG MCHNS(E.G.POSTAGE STAMP,CIGARETTE,FOOD/BEVERAGE MCHNS), INCL MONEY CHNGNG MCHNS

104

8480 MOULDING BOXES FOR METAL FOUNDRY; MOULD BASES; MOULDING PATTERNS; MOULDS FOR METAL (OTHER THAN INGOT MOULDS), METAL CARBIDES

105

8504 ELECTRICAL TRANSFORMERS, STATIC CONVERTERS (FOR EXAMPLE, RECTIFIERS) AND INDUCTORS

106

8505 ELCTRO-MGNT;PRMNENT MGNTS & ARTCLS TO MAKEPRMNENT MGNT;ELCTRO MGNTC/PRMNENT DEVICS ELCTRO MGNTC CLTCHS,BRKS & LFTNG H

107

8507 ELCTRC ACCUMLTRS,INCL SEPARATORS THEREFOR W/N RECTANGULAR(INCL SQ)

108

8508 VACUUM CLEANERS

109

8509 ELCTRO-MECHNCL DOMESTIC APPLIANCES WTH SELF-CONTAINED ELCTRC MOTOR

110

8510 SHAVERS, HAIR CLIPPERS AND HAIR-REMOVING APPLIANCES, WITH SELF-CONTAINED ELECTRIC MOTOR

111

8514 INDSTRL/LABORATORY ELCTRC(INCL INDUCTN/ DIELCTRC)FURNACES ETC;OTHR INDSTRL/ LABORATORY INDUCTN/DIELCTRC HTNG EQPMNTS

112

8515 ELCTR(INCL ELCTACLLY HTD GAS)LASER/OTHR LIGHT/PHOTON BEAM ETC,BRZNG/SLDRNG MCHNS ETC FR HOT SPRYNG OF MTLS/CERMETS

113

8516 ELCTRC WTR & IMRSN HTR ; ELCTRC SPACES & HTNG APRTS;ELCTRO THRMIC HAIR DRSSNG APRTS&HND DRYRS;SMLR ELCTRC APLNCS FR DMSTC USE

114

8518 MCROPHONES&STNDS THRFR;LOUDSPKR,W/N MNTD HEADPHONE,EARPHONE & COMBND MCROPHONE/SPKRSETS;AUDIO FRQNCY AMPLFYR;SND AMPLFYR SETS

115

8519 TURNTABLES (RECORDDECKS)RECORD-PLAYERS CASSETTE PLAYERS ETC NT INCORPORATING A SOUND RECORDING DEVICE

116

8521 VIDEO RECORDING OR REPRODUCING APPARATUS, WHETHER OR NOT INCORPORATING A VIDEO TUNER

117

8522 PRTS & ACSSRS OF APPRTS OF HDGS NOS. 8519 TO 8521

118

8525 TRNSMISN APARATS FR RADIO,TELEPHNY ETC W/N INCRPRTNG RECEPTION APPRTS/SOUND RECORDING/REPRDCNG APPRTS;TV CAMERAS ETC

119

8526 RADAR APPARATUS, RADIO NAVIGATIONAL AID APPARATUS AND RADIO REMOTE CONTROL APPARATUS

120

8527 RECEPTION APPARATUS FOR RADIO-BROADCASTING WHETHER OR NOT COMBINED, IN THE SAME HOUSING, WITH SOUND RECORDING OR REPRODUCI

121

8528 RECEPTION APARATUS,WH/NOT INCORPRTNG RADIOBRODCST RECIVRS/SOUND/VIDEO RCORDNG/ REPRODUCING APARATUS,VIDEO MONITORS ETC

122

8529 PRTS SUITBL FR USE SOLELY/PRNCPLLY WTH APPRTS OF HDGS NOS 8525 TO 8528

123

8531 ELCTRC SOUND/VISUAL SIGNLLNG APPRTS(E.G. BELLS SIRENS ETC.)OTHR THN THOSE OF HDG NO.8512/8530

124

8532 ELCTRCL CAPACITORS FIXD,VARIABLE/ ADJUSTABLE(PRE-SET)

125

8533 ELCTRCL RESISTORS(INCL RHEOSTATS & POTENTIOMETERS)OTHR THN HTNG RESISTORS

126

8535 ELCTRCL APPRTS FR SWTCHNG/PROTCTNG ELCTRCLCIRCUITS ETC.(E.G. SWTCHS,FUSES,LIGHTNING ARRESTERS ETC)FR A VLTG EXCDG 1000 VOLTS

127

8536 ELCTRCLS APPRTS FR SWTCHNG/PRTCTNG ELCTRCLCIRCUITS ETC.(E.G.SWTCHS RELAYS ETC.) FOR A VOLTAGE NOT EXCDG 1000 VOLTS

128

8537 BORDS PANLS ETC EQUIPD WTH TWO OR MORE APPRTS OF HDG 8535/8536,INCL THOSE INCORPRTNG INSTRMNTS/APPRTS OF CH 90

129

8538 PRTS SUITBL FR USE SOLELY/PRINCIPALLY WTH THE APPRTS OF HDG NO.8535,8536/8537

130

8539 ELECTRIC FILAMENT OR DISCHARGE LAMPS, INCLUDING SEALED BEAM LAMP UNITS AND ULTRA-VIOLET OR INFRA-RED LAMPS; ARC-LAMPS

131

8540 THERMIONIC COLD CATHODE/PHOTO-CATHODE VALVES & TUBES(E.G.VACUUM/VAPOUR/GAS FILLED VALVES TUBES ETC.)

132

8541 DIODES, TRANSISTORS AND SIMILAR SEMICONDUCTOR DEVICES; PHOTOSENSITIVE SEMICONDUCTOR DEVICES, INCLUDING PHOTOVOLT

133

8542 ELCTRNC INTEGRTD CIRCUITS & MICRO-ASSMBLS

134

8543 ELCTRCL MCHNS & APPRTS,HVNG INDIVIDUAL FNCTNS N.E.S.IN THIS CHAPTER

Annex II

Definition of SME

Enterprises engaged in the manufacture or production, processing or preservation of goods as specified below:

i) A micro enterprise is an enterprise where investment in plant and machinery (original cost excluding land and building and the items specified by the Ministry of Small Scale Industries vide its notification No. S.O.1722(E) dated October 5, 2006 does not exceed Rs.25 lakh;

ii) A small enterprise is an enterprise where the investment in plant and machinery (original cost excluding land and building and the items specified by the Ministry of Small Scale Industries vide its notification No. S.O.1722(E) dated October 5, 2006) is more than Rs.25 lakh but does not exceed Rs.5 crore; and

iii) A medium enterprise is an enterprise where the investment in plant and machinery (original cost excluding land and building and the items specified by the Ministry of Small Scale Industries vide its notification No. S.O.1722(E) dated October 5, 2006) is more than Rs.5 crore but does not exceed Rs.10 crore.


Annex III

Rupee Export Credit for the period from January 1, 2013 to March 31, 2014

Claim for the quarter ended……………

Category of Exporters

Total Rupee export credit granted

Amount of subvention claimed (rounded off  to the nearest rupee)

1. Handicrafts

2. Carpet

3. Handlooms

4. Small and Medium Enterprises (SMEs)*

5. Readymade Garments

6. Processed Agriculture Products

7. Sports Goods

8. Toys

9. 134 Tariff lines on Engineering Goods as enclosed to their letter

Total

*As defined in the Annex II.

We certify having charged interest rates on the above loans at or above Base Rate by way of Rupee export credit to the eligible exporters as stated in the RBI circular No.DBOD.Dir.(Exp). BC.No.70 /04.02.001/2012-13 dated January 14, 2013 during the period ………… to ……………

Dated : _________________

(Name and stamp of Authorised Signatory)


DBOD.Dir.(Exp).BC.No.69/04.02.001/2012-13

January 14, 2013

Rupee Export Credit – Interest Subvention

In exercise of the powers conferred by Sections 21 and 35 A of the Banking Regulation Act, 1949, the Reserve Bank of India, being satisfied that it is necessary and expedient in the public interest so to do, in partial modification of directive DBOD.Dir.(Exp).BC.No.111 / 04.02.001 /2011-12 dated June 19, 2012, hereby notifies as under:

It has been decided to widen the scheme to include certain items covering the Engineering Sectors. The Scheme will be made available to the Engineering Sector on pre and post shipment export credit on the same terms and conditions as available to other sectors. A list of 134 tariff lines of Engineering products approved for inclusion in Interest Subvention for the period January 1, 2013 to March 31, 2013 is enclosed as Annex I.

Further, it has also been decided to extend the 2% Rupee Export Credit Interest Rate Subvention Scheme for the following sectors w.e.f. April 1, 2013 to March 31, 2014 on the same terms and conditions:

1. Handicrafts
2. Carpet
3. Handlooms
4. Small and Medium Enterprises (SMEs) (as defined in Annex II)
5. Readymade Garments
6. Processed Agriculture Products
7. Sports Goods
8. Toys
9. 134 Tariff lines on Engineering Goods (as per Annex I)

(B.Mahapatra)
Executive Director

Encl: As above

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Category : Fema / RBI (3276)
Type : Notifications (15278) Notifications/Circulars (30306)
Tags : RBI Notifications (1870)

0 responses to “Interest subvention scheme extended up to 31.03.2014 & to Engineering Sectors”

  1. subir Samanta says:

    very essential

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