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RBI-Interest Rates on Rupee Export Credit -UCBs
June, 06th 2013

RBI/2012-13/519
UBD.BPD. (AD) Cir.No.4/13.05.000/2012-13

June  4 , 2013

The Chief Executive Officer
Scheduled Primary (Urban) Co-operative Banks
(holding AD Category I licence)

Dear Sir/Madam

Interest Rates on Rupee Export Credit -UCBs

Please refer to our circular UBD.BPD.(AD).Cir.No.2/13.05.000/2012-13 dated January 22, 2013 on the captioned subject, extending the interest subvention of 2% up to  March 31, 2014 on pre and post shipment rupee export credit to specified export sectors.

2. The Government of India has decided to widen the interest subvention scheme to include the following sectors for the period April 1, 2013 to March 31, 2014.

  1. Export of ITC (HS) and textiles goods to 6 tariff lines as per the list given in Annex - I.

  2. Additional 101 tariff lines in engineering goods sector in addition to the existing 134 lines, as per the list given in Annex- II.

3. A directive No. UBD.BPD.Dir. (Exp) No.10 /13.05.000/2012-13 dated May 31, 2013 issued in this regard is enclosed.

4. All other terms and conditions mentioned in our circular dated January 22, 2013 remain unchanged.

Yours faithfully

(A.K. Bera)
Principal Chief General Manager

Encl: as above


Annex - I

 

ITC(HS)

ITC(HS) Description

1

6301

Blankets and Travelling Rugs

2

6302

Bed Linen, Table Linen, Toilet Linen and Kitchen Linen

3

6303

Curtains (Including Drapes) and Interior Blinds; Curtain or Bed Valances

4

6305

Sacks and Bags, of a Kind used for the Packing of Goods

5

6306

Tarpaulins, Awnings and Sunblinds; Tents; Sails for Boats, Sailboards or Landcraft; Camping Goods

6

6307

Other Made up Articles, Including Dress Patterns


Annex - II

Export of Engineering items (4-digit ITCHS wise) for the year 2012-13

 

ITC (HS)

Description of Items

1

6601

UMBRLS & SUN-UMBRLS (INCL WLKNG-STCK UMBRLS GRDN UMBRLS & SMLR UMBRLS)

2

7216

ANGLS, SHAPES & SCTNS OF IRON / NON-ALLOY STL

3

7217

WIRE OF IRON OR NON-ALLOY STEEL

4

7218

STAINLESS STEEL IN INGOTS OR OTHER PRIMARY FORMS; SEMI-FINISHED PRODUCTS OF STAINLESS STEEL

5

7219

FLT-RLLD PRDCTS OF STAINLESS STL OF WDTH>=600 MM

6

7221

BARS AND RODS, HOT-ROLLED, IN IRREGULARLY WOUND COILS, OF STAINLESS STEEL

7

7223

WIRE OF STAINLESS STEEL

8

7225

FLT-RLLD PRDCTS OF OTHR ALLOY STL OF WDTH 600 MM OR MORE

9

7226

FLT-RLD PRDCTS OF A WIDTH OF

10

7228

OTHR BARS, RODS, ANGLS, SHPS, SCTNS OF OTHR ALLOY STL, HOLLOW DRILL BARS & RODS OF ALLOY OR NON-ALLOY STL

11

7302

RLY & TRMY TRACK CONSTRCTN MATRL OF IRON OR STL, E. G.RALS, RACK RALS ETC SWTCH BLADS SLEEPRS, TIES & OTHR MATRL FOR FIXNG RAILS

12

7407

COPPER BARS, RODS AND PROFILES

13

7604

ALUMINIUM BARS, RODS AND PROFILES

14

7605

ALUMINIUM WIRE

15

7606

ALMNM PLTS, SHTS & STRP OF THCKNS>0.2 MM

16

7608

ALUMINIUM TUBES AND PIPES

17

7609

ALUMINIUM TUBE OR PIPE FITTINGS (FOR EXAMPLE, COUPLINGS, ELBOWS, SLEEVES)

18

7610

ALMNM STRCTRS & PRTS OF STRCTRS (BRDGS TOWRS,ROOFS ETC.) ALMNM PLATES-RODS PROFILES ETC. PRPD FOR USE IN STRCTR

19

7616

OTHER ARTICLES OF ALUMINIUM

20

8301

PDLCKS LOCKS (KEY ETC) OF BASE MTL; CLSPS & FRMS WTH CLSPS, INCRPRTNG LCKS, OF BASE MTL; KEYS FOR FRGNG ARTCLS OF BASE METAL

21

8302

BASE METAL MOUNTINGS, FITTINGS AND SIMILAR ARTICLES SUITABLE FOR FURNITURE, DOORS, STAIRCASES, WINDOWS, BLINDS, COACHWORK, SA

22

8303

ARMORD / REINFRCD SAFES STRONG BOXS & DOORS & SAFE DPOST LCKRS FR STRNG ROOMS CSH / DEEDBOXS ETC OF BASE METAL

23

8304

FILING, CABINETS, CARD-INDEX CABINETS, PAPER TRAYS, PAPER RESTS, PEN TRAYS, OFFICE-STAMP STANDS AND SIMILAR OFFICE OR

24

8305

FITNGS FR LOOSE LEAF BINDRS / FILS LETR CLPSLETR CRNRS PAPR CLPS INDXNG TGS & SMLR OFFCE ARTCLS STPLS IN STRIPS OF BS MTL

25

8306

BELS GONGS & THE LIKE NON ELCTRC OF BSE METL STATUETTES ETC OF BSE METL PHOTGRPH  PICTR, FRMS, MIRRORS ETC OF BSE METL

26

8307

FLXBL TUBNG OF BSE METL WTH / WTHOUT FTNGS

27

8308

CLASPS, FRAMES WITH CLASPS, BUCKLES, BUCKLE-CLASPS, HOOKS, EYES, EYELETS AND THE LIKE, OF BASE METAL, OF A KIND USED FO

28

8309

STPPRS, CAPS ETC INCL CROWN CORKS, SCRW CAPSETC CAPSLS FR BOTLS, THRD BUNGS, BUNG COVRS, SEALS & OTHR PCKNG ACCSSRS, OF BS MTL

29

8310

SIGN PLTS, NAME PLTS, ADDRS PLTS & SMLR PLTSNUMBRS, LTTRS & SYMBOLS, OF BS MTL EXCLD OF HDG NO.9405

30

8311

WIRE, RODS, ELCTRDS ETC OF BS MTL / MTL CRBIDSCOATD / CORED WTH FLX MTRL FR SLDRNG BRAZNG ETC OF MTL / MTL CRBDS WIRE ETC FR MTL SPRNG

31

8401

NUCLEAR REACTRS; FUEL ELMNTS (CARTRIDGES), NON-IRRADIATED, FR NUCLR REACTRS; MCHNRY AND APPARATUS FOR ISOTOPIC SEPARATION

32

8407

SPARK-IGNITION RECIPROCATING OR ROTARY INTERNAL COMBUSTION PISTON ENGINES

33

8408

COMPRESSION-IGNITION INTERNAL COMBUSTION PISTON ENGINES (DIESEL OR SEMI-DIESEL ENGINES)

34

8413

PUMPS FOR LIQUIDS, WHETHER OR NOT FITTED WITH A

35

8414

AIR / VACUUM PUMPS, AIR / OTHR GAS COMPRSRS & FANS; VNTLTNG / RCYCLNG HOODS INCRPRTNG A FAN, W / N FITTED WITH FILTERS

36

8426

DERRICKS; CRNS,INCL CABLE CRNS; MOBL LFTNG FRMS, STRDL CRRS & WRKS TRCKS FTD WTH A CRN

37

8477

MCHNR FR WRKNG RUBBR / PLSTCS / FR THE MNFCTR OF PRDCTS FROM THESE MTRLS, N.E.S.

38

8479

MCHNS & MCHNCL APPLNCS HVNG INDVDL FUNCTNS, N.E.S.

39

8481

TAPS, COCKS, VALVES AND SIMILAR APPLIANCES FOR PIPES, BOILER SHELLS, TANKS, VATS OR THE LIKE, INCLUDING PRESSURE-REDUCING VALV

40

8482

BALL OR ROLLER BEARINGS

41

8483

TRNSMSN SHFTS & CRNKS; GEARS;BALL SCREWS; BEARING HOUSING & OTHR PLAIN SHFT BEARINGS SPD CHNGRS INCL TORQUE CNVRTRSFFLYWHEELS;

42

8484

GASKETS & SMLR JOINTS OF MTL SHTNG CMBND WTH OTHR MTRL; SETS / ASSRTMNTS OF GSKTS & SMLR JOINTS, PUT UP IN POUCHES, ENVLPS ETC

43

8486

MACHINES AND APPARATUS OF A KIND USED SOLELY FOR THE MANUFACTURE OF SEMICONDUCTOR BOULES OR WAFERS, DEVICES, E

44

8501

ELCTRC MOTRS & GENRTRS (EXCL GENRTNG SETS)

45

8502

ELECTRIC GENERATING SETS AND ROTARY CONVERTERS

46

8506

PRIMARY CELLS AND PRIMARY BATTERIES

47

8511

ELCTRCL IGNTN / STRTNG EQPMNT FR SPRK-IGNTN ETC GNRTRS ETC & CUT OUTS OF A KIND USED IN CONJUNCTION WTH SUCH ENGINES

48

8512

ELECRCL LIGTNG / SIGNALLING EQPMNT (EXCL ARTCLS OF HD NO.8539)WIND SCRN ETC USED FOR CYCLES / MOTOR VEHICLES

49

8513

PORTBL ELCTRC LAMPS DESIGNED TO FUNCTION BY THEIR OWN SOURCE OF ENERGY OTHR THN LIGHTING EQPMNTS OF HDG NO.8512

50

8544

INSULATED (INCLUDING ENAMELLED OR ANODISED) WIRE, CABLE (INCLUDING CO-AXIAL CABLE) AND OTHER INSULATED ELECTRIC CONDUC

51

8545

CRBN ELCTRDS, CRBN BRSHS, LAMP CRBNS ETC. OTHR ARTCLS OF GRAPHITE / OTHR CRBN, WTH / WTHOUT MTL OF A KND USED FOR ELCTRCL PURPS

52

8546

ELECTRICAL INSULATORS OF ANY MATERIAL

53

8547

INSLTNG FTTNGS FR ELCTRCL MCHNS ETC. ELECTRCL CONDUIT TUBING & JOINTS THEROF OFBSE MTL LINED WTH INSLTNG MATRL

54

8548

WAST & SCRAP OF PRIMARY CELLS, BATRS & ELECTRC ACUMULTRS; SPENT PRMRY CELS, BATRSELCTRC ACUMULTRS, ELCTRCL PRTS OF MACH

55

8601

RAIL LOCOMOTIVES POWERED FROM AN EXTERNAL SOURCE OF ELECTRICITY OR BY ELECTRIC ACCUMULATORS

56

8603

SELF-PROPELLED RAILWAY OR TRAMWAY COACHES, VANS AND TRUCKS, OTHER THAN THOSE OF HEADING 8604

57

8604

RLWAY / TRMWAY MAINTNANC / SRVC VHCLS, W / N SLF PRPLD (E.G.WRKSHOPS, CRNS, BALAST TMPRS, TRCKLNRS, TSTNG COCHS & TRCK INSPCTN VHCLS)

58

8606

RALWY / TRMWY GOODS VAN & WAGN,NT SELF-PRPLD

59

8607

PRTS OF RLWAY / TRMWAY LCMTVS / ROLLNG-STOCK

60

8608

RLWAY / TRMWAY TRCK FXTRS & FTNGS; MCHNCL & ELCTRO-MCHNCL SGNLNG, TRFC CNTRL EQPMNT FR ROADS, INLND WTRWAYS ETC, PRTS OF THE ABOVE

61

8609

CONTAINERS (INCLUDING CONTAINERS FOR THE TRANSPORT OF FLUIDS) SPECIALLY DESIGNED AND EQUIPPED FOR CARRIAGE BY ONE OR MORE M

62

8712

BICYCLES AND OTHER CYCLES (INCLUDING DELIVERY TRICYCLES), NOT MOTORISED

63

8713

INVALID CARRIAGES, W / N MOTIRISED / OTHERWISE MECHANICALLY PROPELLED

64

8802

OTHER AIRCRAFT (FOR EXAMPLE, HELICOPTERS, AEROPLANES); SPACECRAFT (INCLUDING SATELLITES) AND SUBORBITAL AND SPACECRAFT

65

8804

PARACHUTES (INCLUDING DIRIGIBLE PARACHUTES AND PARAGLIDERS) AND ROTOCHUTES; PARTS THEREOF AND ACCESSORIES THERETO

66

8805

AIRCRAFT LAUNCHING GEAR; DECK-ARRESTOR OR SIMILAR GEAR; GROUND FLYING TRAINERS; PARTS OF THE FOREGOING ARTICLES

67

8901

CRUISE SHIPS, EXCURSION BOATS , FERRY- BOATS, CARGO SHIPS, BARGES AND SIMILAR VESSELS FOR THE TRANSPORT OF PERSONS OR GO

68

9005

BINOCULAR & OTHR OPTCL TLSCOPS & MOUNTINGSTHRFR; OTHR ASTRNMCL INSTRUMNT & MOUNTNGS THRFR EXCPT THE INSTRMNT FOR RAD

69

9006

PHTOGRPHC (EXCL CINEMATOGRAPHIC) CAMERAS PHOTOGRAPHIC FLSHLGHT APPARATUS & FLSHBLBSEXCPT DSCHRG LMPS OF HDG NO.8539

70

9007

CINEMATOGRAPHIC CAMERAS AND PROJECTORS, WHETHER OR NOT INCORPORATING SOUND RECORDING OR REPRODUCING APPARATUS

71

9010

APARATS & EQPMNT FR PHOTOGRPHC (INCLD CINEMATOGRAPHC) LABORATORIS N.E.S.IN THIS CHAPTER; NEGATOSCOPES PROJECTION SCREENS

72

9011

CMPND OPTCL MICROSCOPES, INCL THOSE FR MCROPHOTOGRPHY, MCROCENMTGRPHY / MICROPRJCTN

73

9013

LIQD CRYSTL DVCS NT CNSTITUNG ARTCLS PRVDDFR MORE SPCFCLY IN OTHR HDNGS; LSRS, NT LSR DIODS; OTHR OPTCL APLNCS & INSTRMNTS N

74

9015

SURVEYING, HYDROGRAPHIC, OCEANOGRAPHIC, HYDROLOGICAL, METEOROLOGICAL / GEOPHYSICAL INSTRMNTS & APPLNCS, EXCL COMPSS; RNGEFNDRS

75

9016

BLNCS OF A SNSTIVTY OF 5 CG / BTR, W / N WTH WT

76

9017

DRWNG, MRKNG-OUT / MTHMTCL CLCLTNG INSTRMNTS; INSTRMNTS FOR MSRNG LNTH, FR USE IN THE HND (E.G.MICROMTRS, CALLIPRS) N.E.S.IN THIS C

77

9018

INSTRMNTS & APPLNCS USED IN MDCL, SURGCL, DNTL / VTRNRY SCNCS, INCL SCNTGRPHC APPRTS ELCTRO-MDCL APPRTS & SIGHT-TSTNG INSTRMNT

78

9019

MCHNO-THRPY APLNCS; MSGE APRTS; PSYCHOLGCL APTTUD-TSTNG APRTS; OZON THRPY, OXYGN THRPY, AERSL THRPY, ARTFCL RSPRTN APPRTS ETC

79

9021

ORTHPDC APLNCS, ARTFCL PRTS OF TH BODY; HRNGAIDS & OTHR APLNCS WHCH ARE WRN / CRRD / IMPLNTD IN THE BODY TO CMPNST DFCT / DSABLTY

80

9023

INSTRMNTS, APRTS P MODLS DSIGND FOR DEMONSTRATIONAL PRPS, UNSUTBL FR OTHR USES

81

9024

MCHNES & APLNCS FR TSTNG THE HRDNSS, STRNGTH, ELSTCTY, COMPRSSBLTY ETC OF MATRLS

82

9025

HYDROMETERS & SMLR FLOATING INSTRUMENTS, THERMOMETERS, PYROMETERS ETC, RCORDNG / NT & ANY CMBNTN OF THESE INSTRMNTS

83

9026

INSTRMNTS & APRTS FR MSRNG / CHKNG THE FLOW, LEVL,PRSR / OTHR VARIABLES OF LIQUID / GASES EXCL APPRTS OF HDG 9014, 9015, 9028 / 9032

84

9027

INSTRUMENTS AND APPARATUS FOR PHYSICAL OR CHEMICAL ANALYSIS (FOR EXAMPLE, POLARIMETERS, REFRACTOMETERS, SPECTROMETER

85

9028

GAS, LQD / ELECTRICITY SUPPLY / PRODUCTION METERS, INCL CALIBRATING METERS THEREFOR

86

9029

REVOLUTION COUNTERS, PRODUCTION COUNTERS, TAXIMETERS, MILEOMETERS, PEDOMETERS AND THE LIKE; SPEED INDICATORS AND TACHOMETERS

87

9031

MEASURING OR CHECKING INSTRUMENTS, APPLIANCES AND MACHINES, NOT SPECIFIED OR INCLUDED ELSEWHERE IN THIS

88

9033

PRTS & ACCESSORIES FR MACHINES, APPLIANCES, INSTRUMENTS / APPARATUS OF CHAPTER 90, NES

89

9101

WRIST-WATCHES, POCKET-WATCHES AND OTHER WATCHES, INCLUDING STOP-WATCHES, WITH CASE OF PRECIOUS METAL OR OF METAL CLAD

90

9102

WRIST-WATCHES, POCKET-WATCHES AND OTHER WATCHES, INCLUDING STOP WATCHES, OTHER THAN THOSE OF HEADING 9101 WRIST-WATCHES,

91

9103

CLOCKS WITH WATCH MOVEMENTS, EXCLUDING CLOCKS OF HEADING 9104

92

9104

INSTRUMENT PANEL CLOCKS AND CLOCKS OF A SIMILAR TYPE FOR VEHICLES, AIRCRAFT, SPACECRAFT OR VESSELS

93

9107

TIME SWITCHES WITH CLOCK OR WATCH MOVEMENT OR WITH SYNCHRONOUS MOTOR

94

9108

WATCH MOVEMENTS, COMPLETE AND ASSEMBLED

95

9109

CLOCK MOVEMENTS, COMPLETE AND ASSEMBLED

96

9110

CMPLT WTCH / CLOCK MVMNTS, UNASSMBLD / PRTLY ASSMBLD (MVMNT SETS); INCMPLT WTCH / CLOCK MVMNTS, ASSMBLD; ROUGH WTCH / CLOCK MVMNTS

97

9111

WATCH CASES AND PARTS THEREOF

98

9112

CLOCK CASES AND CASES OF A SIMILAR TYPE FOR OTHER GOODS OF THIS CHAPTER, AND PARTS THEREOF

99

9113

WATCH STRAPS, WATCH BANDS AND WATCH BRACELETS, AND PARTS THEREOF

100

9402

MEDCL, SURGCL, DENTAL / VETRNRY FURNITR ETC BARBERS' CHAIRS & SMLR CHAIRS; PRTS OF THE FOREGOING ARTICLES

101

9405

LMPS & LIGHTING FTTNGS INCL SEARCH LIGHTS AND SPOTLIGHTS ETC N.E.S.ILLUMINATD SIGNS & THE LIKE WTH PRMNANT LGHT SORCE & PRTSNES


UBD.BPD.Dir. (Exp).No.10/13.05.000/2012-13

May 31, 2013

Interest Rates on Rupee Export Credit

In exercise of the powers conferred by Sections 21 and 35 A of the Banking Regulation Act, 1949 read with Section 56, and in partial modification of its Directive UBD.BPD.Dir. (Exp).No.9 /13.05.000/2012-13 dated January 21, 2013, the Reserve Bank of India, being satisfied that it is necessary and expedient in the public interest so to do, hereby directs that, the Interest Subvention Scheme on Rupee Export Credit, valid upto March 31, 2014, has been widened to include (i) export of ITC (HS) and textile goods to 6 tariff lines (as per the list given in the Annex - I) and (ii) additional 101 tariff lines in engineering goods sector in addition to the existing 134 lines (as per the list given in Annex - II).

(S. Karuppasamy)
(Executive Director)

 
 
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