https://www.taxtmi.com/news?id=13756 Export credit refinance under section 17(3A) enables scheduled banks to obtain refinance on eligible rupee export credit at pre- and post-shipment stages. The Reserve Bank sets the quantum of refinance, currently fixed at 32% of outstanding eligible export credit as of the end of the second preceding fortnight; there is no cap on refinance of export bills purchase from individual exporters. Banks deploy the facility to manage liquidity, with recent utilisation by bank groups remaining at high levels comparable to the prior year. en-us Fri, 19 Dec 2014 18:54:12 +0530 Fri, 19 Dec 2014 18:54:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=13756 Export credit refinance under section 17(3A) enables scheduled banks to obtain refinance on eligible rupee export credit at pre- and post-shipment stages. The Reserve Bank sets the quantum of refinance, currently fixed at 32% of outstanding eligible export credit as of the end of the second preceding fortnight; there is no cap on refinance of export bills purchase from individual exporters. Banks deploy the facility to manage liquidity, with recent utilisation by bank groups remaining at high levels comparable to the prior year. News - Fri, 19 Dec 2014 18:54:12 +0530 https://www.taxtmi.com/news?id=13756