The following statement with respect to moratorium on repayment of principal on project export is no...........

Economic and social issues (RBI) Exim Policy

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The following statement with respect to moratorium on repayment of principal on project export is

not correct

For capital goods exports the maximum period of moratorium is 1 year.

For turnkey project exports the maximum period moratorium is 2 years.

For consumer goods export the maximum period moratorium is 3 years.

None of the above.

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Explanation:

Moratorium or grace period applicable to repayment of principal (and not to payment of interest) should not exceed one year in respect of export of capital or producer goods. No moratorium should be permitted in respect of export of consumer durables. Interest should be payable even during the period of moratorium.