Interest Equalisation Scheme for Pre and Post-shipment Rupee Export Credit Extended for One More Year to 31 Mar 2021

[Trade Notice No. 11/2020-21 dated 14 May 2020]

Subject: Extension of Interest Equalisation Scheme (IES) for Pre and Post shipment Rupee Export Credit for one more year i.e. upto 31.03.2021 with same scope and coverage.

Attention of Trade and Industry is invited to the Trade Notice no. 45 dt. 01.02.2019 issued by DGFT. In continuation, it is hereby informed that Interest Equalisation Scheme for Pre and Post shipment Rupee Export Credit is further extended for one more year i.e. upto 31.03.2021 with same scope and coverage. RBI has issued Notification no. RBI/2019-20/231 dt. 13.05.2020 in this regard which is available at the linlc https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11887&Mode=O.

2. The Scheme shall remain effective from 01.04.2020 till 31.03.2021 or until further orders, whichever is earlier.

3. Guidelines issued by Reserve Bank of India and Relevant RBI notifications issued from time to time on this subject may be referred.

4. It is requested to make maximum use of the scheme and difficulties, if any, may be brought to the notice of this Directorate.

No. 01/94/180/341/AM20/PC-4