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Category |
Existing |
Revised* (With effect from May 5, 2001) |
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Pre-shipment Credit |
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(i) Up to 180 days |
10.0 per cent |
Not exceeding PLR minus 1.5 percentage points |
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(ii) Beyond 180 days and up to 270 days |
13.0 per cent |
Not exceeding PLR plus 1.5 percentage points |
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Post-shipment Credit |
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|
a) On demand bills for transit period (as specified by FEDAI) |
Not exceeding 10.0 per cent |
Not exceeding PLR minus 1.5 percentage points |
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b) Usance Bills |
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(i) Up to 90 days |
Not exceeding 10.0 per cent |
Not exceeding PLR minus 1.5 percentage points |
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(ii) Beyond 90 days and up to 6 months from date of shipment |
12.0 per cent |
Not exceeding PLR plus 1.5 percentage points |
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