Interest Equalisation for Exporters Curtailed, Cap of Rs. 2.50 Cr per IEC Imposed till 30.06.2024 for the Quarter Starting from 01.04.2024 under Interest Equalization Scheme

· Interest Equalization Scheme (IES) on Pre and Post Shipment Rupee Export Credit

[DGFT Trade Notice No.40/2023-2024 dated 20.03.2024]

Subject: Amendments under Interest Equalization Scheme.

Attention of Trade and Industry is drawn towards the extension of Interest Equalization Scheme (IES) upto 30.06.2024, as notified by RBI vide its Circular No. DOR.STR.REC .78/04.02.001/2023-24 dated 22.02.2024.

2. In this regard, it may be noted that a cap of Rs. 2.50 Cr per IEC is imposed till 30.06.2024 for the quarter starting from 01.04.2024.

This issues with the Competent Authority.

(Issued from File No.: 01/94/180/135/AM24/PC-4)