MUMBAI: Days after govt announced the 'export promotion mission' and easier loan flow, RBI has eased repayment rules for exporters by giving them more time to bring in the proceeds and allowing banks to offer temporary relief on trade-related loans. The changes, issued through a Gazette notification on Nov 13 amending Fema rules and a circular to lenders, extend the deadline for realisation of export payments to 15 months (from 9 months) and relax several loan conditions to help firms hit by global trade disruptions. The move comes as exporters shipping to the US face pressure after Washington imposed tariffs and additional sanction-linked duties on imports tied to Russian oil. RBI's relaxation of timelines and credit conditions is intended to cushion exporters dealing with delayed p

See Full Page