Post - Shipment Export Credit in Foreign Currency Guidelines :

• Banks allowed to rediscount export bills abroad at rates linked to international interest rates at post-shipment stage as per the prescribed scheme
• The Scheme to cover mainly export bills with usance period up to 180 days from the date of shipment
• The Rupee equivalent of the discounted value of the export bills will be payable to the exporter and the same should be utilised to liquidate the outstanding export packing credit.