In view of the difficulties faced by exporters on account of the weakening of external demand, it has now been decided that the prescribed interest rate as applicable to post-shipment rupee export credit (not exceeding BPLR minus 2.5 percentage points) may also be extended to overdue bills up to 180 days from the date of advance till further notice.
Yours faithfully,
(P.Vijaya Bhaskar) Chief General Manager
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