RBI/ 2004-05/ 386
DBOD. Dir (Exp). No. 73 / 04.02.02/ Gold Card/ 2004-05

March 04, 2005

The Chairman/ Chief Executive of all Commercial banks

Dear Sir

Gold Card Scheme for Exporters

Please refer to our circular IECD. No.12/ 04.02.02/ Gold Card/ 2004-05 dated 18th May 2004 regarding the Gold Card Scheme for Exporters.

The paragraph 3.1.3 may be amended to read as follows:

'The Scheme may not be applicable to those exporters who are blacklisted by ECGC or included in RBI's defaulter's list/ caution list or making losses for the past three years or having overdue export bills in excess of 10 per cent of the previous year's turnover.'

Yours faithfully

(A. Sreekumaran)

General Manager