Thursday, November 1, 2012

Exporters want realisation period to be extended


The disappointed exporters have urged the Central Bank to at least extend the realisation period to 18 months from six months now besides ensuring that banks lend 12% of their resources as credit to exporters.

Government had extended realisation period for exports from six months to 12 months with effect from June 2008 to 30th September 2012. Since this has not been extended further, Federation of Indian Exports Organisation have urged Reserve Bank of India to give exporters time upto 18 months to realise their export commitments, which in turn will provide some relief to exporters.

Read lot more in Rubber4U – 15th November 2012 issue

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