Interest Equalisation Scheme on Pre and Post Shipment Rupee Export Credit w.e.f 1 April 2015

[Ref: Trade Notice No. 09/2015 dated 8 December 2015]

Subject: Interest Equalisation Scheme on Pre and Post Shipment Rupee Export Credit w.e.f. 1^st April 2015

It is brought to the notice of Trade and Industry that the Interest Equalisation Scheme on Pre and Post Shipment Rupee Export Credit has been announced by the Government of India and notified vide RBI Circular No. DBR/Dir/BC.No. 62/04.02.001/2015-16 dated December 4, 2015. The scheme is applicable w.e.f. 1^st April 2015. Details of the scheme are available on the website of RBI www.rbi.org.in.

1. As the scheme is applicable from 01.04.2015, all eligible exporters who have availed pre and post shipment credit facility from 01.04.2015 may contact their respective Banks to enable expeditious decision on availing benefit under the scheme.