**Summary:**
This notification, dated August 31, 2024, announces the extension of the Interest Equalization Scheme (IES) for pre- and post-shipment Rupee Export Credit for one month, up to September 30, 2024. The extension applies to Trade and Industry, as previously covered under the scheme. The conditions and guidelines of the scheme remain as prescribed by the Reserve Bank of India (RBI) and relevant RBI notifications. Notably, this one-month extension is applicable only for MSME manufacturers. For further information, contact K.M. Harilal, Jt. Director General of Foreign Trade, DGFT HQ, at km.harilal@nic.in or 01123038709, referencing File No. 0194180341AM20PC4.
Key Entities Referenced
Interest Equalization Scheme: A scheme related to interest equalization on export credit.
Pre and Post shipment Rupee Export Credit: Type of export credit to which the Interest Equalization Scheme applies.
EPCsFIEO: Export Promotion Councils or Federation of Indian Export Organisations.
MSME Manufacturers: Micro, Small & Medium Enterprises Manufacturers
Reserve Bank of India: Central Bank of India
Director General of Foreign Trade: Refers to the office of the Director General of Foreign Trade.
DGFT HQ: Directorate General of Foreign Trade Headquarters.
K. M. Harilal: Jt. Director General of Foreign Trade
cated
Dated: 31" August 2024
if Noti . 16/2024-202
To,
Members of Trade and Industry
EPCs/FIEO
R Sue bs je er cv te : B Ea xn tk e no sf i I on nd i oa f Interest Equalization Scheme (IES) for Pre and Post
shipment Rupee Export Credit for One month beyond 31 August, 2024.
S bec eh ne m ee
x
tfT eor nra
d
d ePe dr ea
u
n pad n
t
d oI n 3Pd o 1u s .st t 0r 8y s
.
h 2i i 0s p 2h m 4e e r ane stb y aR ui fpn uf e no der m lE ie x md p i tot erh da t t s C ct rh hee d e i mI t en ,t ,e w r h he i as c st h E b q ehu eaa ndli z fe ua a rrt tli i ho e en r r
extended for one month i.e., up to 30.09.2024.
e2. x poH ro tw ee rv se .r , A pat rhi ts fre oxt me tn hs ai to , n s ui cs h a ep xp tl ei nc sab il oe n o isn l my a df eor w iM thS tM hE e sM aa mn eu f ta ec rt mu sr i an ng d
c 3o . nditions as G ut ih de e p lr ie ns ee sn t i ss sc uh ee dm e b. y Reserve Bank of India and relevant RBI
notifications issued from time to time on this subject may be referred.
4. This issues with the approval of Competent authority.
E KO’
een
(K. M. Harilal)
Jt. Director General of Foreign Trade
DGFT (HQ)
km.harilal@nic.in
011-23038709
(Issued from File No.
01/94/180/341/AM20/PC-4)