Circular No. ES/136/2020-21 15th May, 2020
To : Members of the Council
Sub: 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
We are pleased to inform you that O/o DGFT has issued Trade Notice No. 11/ 2020-21 dated 11th May, 2020 informing about the further extension of the Interest Equalisation Scheme (IES) for Pre and Post shipment Rupee Export Credit for one more year i.e. upto 31st March, 2021. In this regard, Reserve Bank of India has also issued Notification No. RBI/2019-20/231 dated 13th May, 2020.
The Scheme shall remain effective from 1st April, 2020 till 31st March, 2021, or until further orders, whichever is earlier. Guidelines issued by Reserve Bank of India and relevant RBI notifications issued from time to time may be referred.
Members may kindly make a note of the above and make maximum use of this scheme.