·
Interest Equalisation Scheme
(IES) for Pre and Post Shipment Rupee Export Credit Extended by Three Months to
31 Dec 2024
·
MSME Manufacturer exporters who have already
availed equalisation benefit
of Rs 50 Lakhs or more in 2024-25
till 30th of September, 2024, will not be eligible
for any further
benefit in the extended period.
Subject: Extension of Interest Equalisation Scheme (IES) for Pre and Post shipment
Rupee Export Credit for three months
beyond 30th September, 2024.
Trade and Industry
is hereby informed
that the Interest Equalisation Scheme for Pre and Post shipment
Rupee Export Credit, which had earlier
been extended till 30.09.2024 has been further
extended by three months up to 31.12.2024
on same terms and conditions as the earlier extension with the additional condition that fiscal
benefits of each
MSME, on aggregate, will be restricted to Rs.50 Lakhs for FY 2024-25 till December, 2024.
2.
MSME Manufacturer exporters who have already
availed equalisation benefit
of Rs 50 Lakhs or more in 2024-25
till 30th of September, 2024, will not be eligible
for any further
benefit in the extended period.
3.
This extension shall be valid for three months
or such revised
approval, which would be
received prior to the lapse of
the extension of three months.
4.
Guidelines issued
by Reserve Bank of India
and relevant RBI notifications issued from time to time on this subject
may be referred.
File No .
01/94/180/341/AM20/PC-4