IECD NO.24/04.02.01/2001-2002

June 6, 2002

The Chairmen/Chief Executives of
all Commercial Banks

Dear sir,

Please refer to our circular IECD.No.5/04.02.01/2001-2002 dated September 24, 2001 in terms of which only manufacturer exporters with export contracts of Rs.100 crore and above in value terms in one year were eligible for the special financial package.

2. It is clarified that the above facility would be available also to merchant exporters/traders subject to the same terms and conditions specified in our circular referred to in para 1 above.

3. Please acknowledge receipt.

Yours faithfully

(K. Vijayaragavan)
Chief General Manager