https://www.taxtmi.com/news?id=4227 Deregulation of bank lending rates makes interest on export credit subject to banks' commercial judgement, accompanied by supervisory guidance to ensure timely export finance; the Government authorised targeted interest subvention on rupee pre and post shipment export credit for specified labour intensive sectors. Regulatory measures include extension of the period for realisation and repatriation of export proceeds, permission for advance payments where manufacture/shipping exceeds one year, and delegation to authorised banks to open specialised foreign currency accounts for diamond exporters under relaxed norms. en-us Fri, 07 Dec 2012 19:04:26 +0530 Fri, 07 Dec 2012 19:04:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=4227 Deregulation of bank lending rates makes interest on export credit subject to banks' commercial judgement, accompanied by supervisory guidance to ensure timely export finance; the Government authorised targeted interest subvention on rupee pre and post shipment export credit for specified labour intensive sectors. Regulatory measures include extension of the period for realisation and repatriation of export proceeds, permission for advance payments where manufacture/shipping exceeds one year, and delegation to authorised banks to open specialised foreign currency accounts for diamond exporters under relaxed norms. News - Fri, 07 Dec 2012 19:04:26 +0530 https://www.taxtmi.com/news?id=4227