| Interest Rates on Export Credit in India (1998 to 2001, 2003, 2004, 2006 and 2008) | |||||||||||||
| (Percent per annum) | |||||||||||||
| Export Credit | Rates Effective | ||||||||||||
| Jan. 01, 1998 | April 30, 1998 | Aug. 06, 1998 | April 01, 1999 | Oct. 29, 1999 | May 26, 2000 | Jan. 06, 2001 | May 05, 2001# | Sept. 26, 2001# | May 1, 2003 | May 18, 2004# | May 01, 2006# | Nov. 2008 # | |
| 1. Pre-shipment Credit | |||||||||||||
| i) Up to 180 days* | |||||||||||||
| ii) Beyond 180 days and up to 270 days | |||||||||||||
| iii) Against incentives receivable from Government covered by ECGC Guarantee up to 90 days | |||||||||||||
| 2. Post-shipment Credit | |||||||||||||
| i) Demand Bills for transit period (as specified by FEDAI)* | |||||||||||||
| ii) Usance Bills (for total period comprising usance period of export bills, transit period as specified by FEDAI and grace period wherever applicable) | |||||||||||||
| a) Up to 90 days * | |||||||||||||
| b) Beyond 90 days and up to six months from the date of shipment | |||||||||||||
| c) Beyond six months from the date of shipment | |||||||||||||
| d) Upto 365 days for exporters under the Gold Card Scheme | |||||||||||||
| iii) Against incentives receivable from Government covered by ECGC Guarantee (up to 90 days) | |||||||||||||
| iv) Against undrawn balance (up to 90 days) | |||||||||||||
| v) Against retention money (for supplies portion only) payable within one year from the date of shipment (up to 90 days) | |||||||||||||
| 3. Deferred Credit | |||||||||||||
| Deferred credit for the period beyond 180 days | |||||||||||||
| 4. Export Credit, not otherwise specified | |||||||||||||
| a) Pre-shipment credit | |||||||||||||
| b) Post-shipment credit | |||||||||||||
