Interest Equalisation
Scheme Extended by Another One Year to 31 Mar 2024 with Limit of Rs. 10 crs per IEC
·
Interest Equalization Scheme
on Pre and Post Shipment Rupee Export Credit
·
The annual net subvention
amount would be capped at Rs. 10 crore per IEC in a given financial year. All
disbursements made from 01.04.2023 shall be counted for an IEC for the current
financial year
[DGFT Trade Notice
No. 05/2023-24 dated 25.05.2023]
<RBI vide its Circular
no. DOR.STR.REC.93/04.02.001/2021-22 dated 08.03.2022>
Subject:
Amendment under Interest Equalisation Scheme.
Attention
of Trade and Industry is drawn towards the extension of Interest Equalisation Scheme (IES) upto
31.03.2024, as notified by RBI vide its Circular no.
DOR.STR.REC.93/04.02.001/2021-22 dated 08.03.2022.
2.
The below-mentioned amendment is made with immediate effect for rationalization
of the scheme:
"The
annual net subvention amount would be capped at Rs. 10 crore per IEC in
a given financial year. All disbursements made from 01.04.2023 shall be counted
for an IEC for the current financial year."
3. This issues with the approval of the Competent Authority.
(Issued
from File No. 01/94/180/341/AM20/PC-4)