https://www.taxtmi.com/news?id=21686 Decline in export credit prompted measures to boost MSME exporter financing: raising the Interest Equalisation Scheme rate and including merchant exporters for pre- and post-shipment rupee credit; GST facilitation via Letters of Undertaking without bank guarantees and nominal GST on domestic procurement by merchant exporters; expedited provisional GST refunds; and reduced export credit insurance premiums. Revised Priority Sector Lending norms are under consideration to release additional export credit, while the central bank opposes earmarking foreign exchange reserves for export credit. en-us Fri, 12 Jul 2019 16:47:27 +0530 Fri, 12 Jul 2019 16:47:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=21686 Decline in export credit prompted measures to boost MSME exporter financing: raising the Interest Equalisation Scheme rate and including merchant exporters for pre- and post-shipment rupee credit; GST facilitation via Letters of Undertaking without bank guarantees and nominal GST on domestic procurement by merchant exporters; expedited provisional GST refunds; and reduced export credit insurance premiums. Revised Priority Sector Lending norms are under consideration to release additional export credit, while the central bank opposes earmarking foreign exchange reserves for export credit. News - Fri, 12 Jul 2019 16:47:27 +0530 https://www.taxtmi.com/news?id=21686