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 - DGFT - Trade Notice No. 11/2020-21

No. 01/94/180/341/AM20/PC-4 Government of India Ministry of Commerce and Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan, New Delhi 110001 Dated : 14th May 2020 Trade Notice No. 11/2020-21 To Members of Trade and Industry EPCs/FIEO Reserve Bank of India 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 link: https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11887 Mode=0 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. (Vijay Kumar) Additional DGFT