https://www.taxtmi.com/news?id=2322 The Government extended a 2% interest subvention on pre and post shipment rupee export credit for Handicrafts, Handlooms, Carpet and SMEs, subject to Base Rate rules; banks must reduce rates by the subvention amount but not below a 7% floor and fully pass the benefit to eligible exporters. Claims are reimbursed quarterly, calculated from disbursement to repayment or overdue date, and require an External Auditor's Certificate for settlement. SME eligibility is defined by investment in plant and machinery bands in the Annex. en-us Wed, 12 Oct 2011 11:19:19 +0530 Wed, 12 Oct 2011 11:19:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=2322 The Government extended a 2% interest subvention on pre and post shipment rupee export credit for Handicrafts, Handlooms, Carpet and SMEs, subject to Base Rate rules; banks must reduce rates by the subvention amount but not below a 7% floor and fully pass the benefit to eligible exporters. Claims are reimbursed quarterly, calculated from disbursement to repayment or overdue date, and require an External Auditor's Certificate for settlement. SME eligibility is defined by investment in plant and machinery bands in the Annex. News - Wed, 12 Oct 2011 11:19:19 +0530 https://www.taxtmi.com/news?id=2322