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        Case ID :
        Customs, DGFT & SEZ

        Interest Rates on Rupee Export Credit -UCBs

        January 22, 2013

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        RBI/2012-13/389

        UBD.BPD. (AD) Cir.No.2 /13.05.000/2012-13

        January 22, 2013

        Chief Executive Officer

        Scheduled Primary (Urban) Co-operative Banks (holding AD Category I licence)

        Dear Sir/Madam

        Please refer to circular UBD.BPD.(AD) Cir. No.8 /13.05.000/2011-12 dated June 26, 2012 extending the interest subvention on rupee export credit on specified export sectors till March 31, 2013.

        2. 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 interest subvention of 2% on rupee export credit on specified export sectors from April 1, 2013 to March 31, 2014. Accordingly, the interest subvention on pre-shipment and post-shipment rupee export credit is extended from April 1, 2013 to March 31, 2014 on the same terms and conditions as mentioned in our circular dated June 26, 2012 for the following sectors.

        (i) Handicraft

        (ii) Carpets

        (iii) Handlooms

        (iv) Small and Medium Enterprises (SMEs) (as defined in Annex II)

        (v) Readymade Garments

        (vi) Processed Agriculture Products

        (vii) Sport Goods

        (viii) Toys

        (ix) 134 Tariff lines on Engineering Products (Annex I)

        4. A Directive No.UBD.BPD.Dir. (Exp). No.9/13.05.000/2012-13 dated January 21, 2013, issued in this regard, is enclosed.

        5. Claims for re-imbursement of subvention amount may be submitted to the Chief General Manager-in-Charge, Urban Banks Department, Reserve Bank of India, Central Office, Garment House, Worli, Mumbai 400 018 on a quarterly basis starting from quarter ended June 30, 2013 in the format as per Annex III. The amount of subvention will be calculated on the outstanding amount of rupee export credit from the date of disbursement up to the date of repayment or up to the date on which the outstanding export credit becomes overdue, whichever is earlier. The claims should be accompanied by an External Auditor's Certificate certifying that the claim for subvention of Rs. ………….. for the period ……………. (specify the quarter) is true and correct. Settlement of the claim will be done only on receipt of this certificate.

        Yours faithfully

        (A. Udgata)

        Chief General Manager -in-Charge

        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

        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 & LFTNGH

        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 ________ to _________

        (to be submitted quarterly starting from quarter ended June 30, 2013)

        (Pre-shipment Export Credit and Post -shipment Export Credit)

        Category of Exporters

        Total Rupee Export Credit granted at 2% less than the rates charged for other categories of Exporters

        Amount of Subvention Claimed

        (1)

        (2)

        (3)

        (i) Handicrafts

         

         

        (ii) Carpet

         

         

        (iii) Handlooms

         

         

        (iv) Small & Medium Enterprises (SME) (as defined in Annex II of circular No. dated January, 2013)

         

         

        (v) Readymade Garments

         

         

        (vi) Processed Agriculture Products

         

         

        (vii) Sport Goods

         

         

        (viii) Toys

         

         

        (ix) 134 Tariff lines on Engineering Products (as defined in Annex I of
        circular No. dated January ,2013)

         

         

        Total

         

         

        NB: Amount of subvention should be rounded off to the nearest rupees.

        We certify having charged interest on the above loans at interest rates that are 2% below those charged for other categories of exporters by way of export credit to the eligible exporters as stated in the RBI circular No. UBD.BPD.PCB.Cir. No.___/13.05.000/2012-13 dated January____, 2013 during the period ________to ___________.

        Dated : _____________

        Name and Designation of Authorised Signatory


        UBD.BPD.Dir. (Exp).No. 9/13.05.000/2012-13

        January 21, 2013

        Interest Rates on Rupee Export Credit

        In exercise of the powers conferred by Section 21 and 35A of the Banking Regulation Act,1949 read with Section 56, and in partial modification of its Directive UBD.BPD.Dir.(Exp).No.4/13.05.000/2011-12 dated June 21, 2012, the Reserve Bank of India being satisfied that it is necessary and expedient in the public interest so to do, hereby directs that, the Interest Subvention Scheme on Rupee Export Credit has been widened to include certain items (mentioned in Annex I) covering the Engineering Sectors on pre and post shipment export credit on the same terms and conditions as available to other sectors for the period January 1, 2013 to March 31, 2013.

        Further, it is also directed that with effect from April 01, 2013 up to March 31, 2014 scheduled primary (urban) co-operative banks holding AD category I licence will charge, for specified export sectors, interest at 2 percentage point below the interest rates charged from exporters in other categories of export sector, on the outstanding amount of rupee export credit from the date of disbursement up to the date of repayment or up to the date on which the outstanding rupee export credit becomes overdue, whichever is earlier.

        Specified Sectors

        1. Handicraft

        2. Carpets

        3. Handlooms

        4. Small and Medium Enterprises (SMEs)(as defined in Annex II)

        5. Readymade Garments

        6. Processed Agriculture Products

        7. Sport Goods

        8. Toys

        9. 134 Tariff lines on Engineering Products (Annex I)

        (S Karuppasamy)

        (Executive Director)

        Interest subvention for rupee export credit widened to include engineering items and extended for specified exporter sectors. The Reserve Bank directs scheduled primary urban co operative banks holding AD Category I licence to provide interest subvention on pre and post shipment rupee export credit to specified sectors, including newly added engineering tariff lines, with subvention calculated on outstanding export credit from disbursement to repayment or until overdue; banks must submit quarterly reimbursement claims in the prescribed format accompanied by an External Auditor's Certificate for settlement.
                        Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                          Provisions expressly mentioned in the judgment/order text.

                              Interest subvention for rupee export credit widened to include engineering items and extended for specified exporter sectors.

                              The Reserve Bank directs scheduled primary urban co operative banks holding AD Category I licence to provide interest subvention on pre and post shipment rupee export credit to specified sectors, including newly added engineering tariff lines, with subvention calculated on outstanding export credit from disbursement to repayment or until overdue; banks must submit quarterly reimbursement claims in the prescribed format accompanied by an External Auditor's Certificate for settlement.





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