The Synthetic & Rayon Textiles Export Promotion Council

Extension of Interest Equalization Scheme on Pre and Post Shipment Rupee Export Credit upto 30th September, 2021

Circular No. ES/87/2021-22                                         2nd July, 2021    

To: Members of the Council         

Sub: Extension of Interest Equalization Scheme on Pre and Post Shipment Rupee Export Credit upto 30th September, 2021  

Dear Member,     

Kindly refer to Council's earlier Circular No. ES/18/2021-22 dated 14th April, 2021 where we had informed you that RBI vide its Notification No. RBI/2021-22/21 dated 12th April, 2021 had extended the above Scheme upto 30th June, 2021. This extension was w.e.f 1st April, 2021

Now, we are glad to inform you that the RBI has further extended the Interest Equalization Scheme for pre and post shipment Rupee export credit, with same scope and coverage upto 30th September, 2021 vide its Notification No. RBI/2021-22/65 dated 1st July, 2021. This extension takes effect from 1st July, 2021.  

Members may kindly make a note of the above. 

Thanking you,  
Yours faithfully,