Interest on deferred export credit and foreign currency import loans specified under interest tax amendment affecting capital plant and machinery. The amendment inserts two sub clauses into clause (7) of section 2 of the Interest tax Act, 1974: (i) interest on deferred credit sanctioned by a scheduled bank for export of capital plant and machinery outside India; and (ii) interest on loans in foreign currency sanctioned by specified corporations or banks for import of capital plant and machinery from a country outside India.