RBI/ 2008-09/66
DBOD No.DIR. (Exp).BC 09/04.02.02/2008-09

July 1,  2008
 10  Ashadha, 1930 (Saka)

All  Scheduled Commercial Banks
(excluding RRBs)

Dear Sir,

Master Circular on
RUPEE / FOREIGN CURRENCY EXPORT CREDIT
 & CUSTOMER SERVICE TO EXPORTERS

As you are aware, in order to have all current instructions on the   subject at one place, the Reserve Bank of India had issued a Master Circular DBOD.DIR(Exp.)No.01/04.02.02/2007-08 dated July 2, 2007  on the captioned subject which is now updated  up to 30th June 2008.  It may be noted that the Master Circular consolidates and updates all the instructions contained in the circulars listed in the Appendices, in so far they relate to providing export credit by banks to the exporters. This Master Circular also incorporates instructions contained in certain clarifications issued by RBI to banks / exporters / export organizations during the course of the year. The Master Circular has also been placed on the RBI web-site (http://www.rbi.org.in). A copy of the revised Master Circular is enclosed.

Yours faithfully,

(P. Vijaya Bhaskar)
Chief General Manager