Interest Equalization Scheme (IES) on Pre and Post Shipment Rupee Export Credit - आरबीआई - Reserve Bank of India
Interest Equalization Scheme (IES) on Pre and Post Shipment Rupee Export Credit
RBI/2024-25/71 August 29, 2024 All Scheduled Commercial Banks (excluding RRBs), Dear Sir / Madam, Interest Equalization Scheme (IES) on Pre and Post Shipment Rupee Export Credit Please refer to the instructions issued vide circular No. DOR.STR.REC. 78/04.02.001/2023-24 dated February 22, 2024. 2. Government of India, vide Trade Notice No.07/2024-2025 dated June 28, 2024 read with Trade Notice No.08/2024-2025 dated July 10, 2024 has allowed for an extension of the Interest Equalization Scheme for Pre and Post Shipment Rupee Export Credit ('Scheme') up to August 31, 2024. The extension takes effect from July 1, 2024 and ends on August 31, 2024. 3. Further, Government has advised the following modifications to the scheme:
4. Other provisions of the extant instructions issued by the Bank on the captioned Scheme shall remain unchanged. Yours faithfully (Vaibhav Chaturvedi) |