SCHEME RULES FOR PROVIDING PRE-SHIPMENT ADVANCE TO RPS COMPANIES FOR EXPORT OF ‘INDIAN NATURAL RUBBER’ BRANDED NR DURING 2017-18
The pre-shipment advance scheme will be implemented as an export promotion strategy to boost export of NR during 2017-18. ;
The pre-shipment advance/loan per RPS company would be limited to Rs. 20 lakhs or the assessed value as per purchase order at Board’s published rate, whichever is low. Though the RPS companies can avail pre-shipment advance multiple times during 2017-18, the maximum loan amount at each company’s credit would be Rs. 20 lakhs. Also the maximum repayment period of the advance/loan would be forty five days from the date of release of the loan, failing which a penal interest of 24 percent per annum will be charged for the entire loan period. However, sanctioning of advance/loan is subject to fund availability of the Board.