TaxTMI 
TaxTMI 
TaxTMI 
Dear Friends,
Please find attached herewith the Notification issued by RBI for grant of Interest Equalisation benefit (earlier Interest subvention scheme) for Pre & Post shipment Rupee Export Credit @ 3% for 5 years commencing from April 1, 2015.
The above would reduce the cost of Finance for Exporters, increase international competitiveness and would lead to Growth in Exports at national level.
The scheme covers mostly labour intensive and employment generating sectors like processed agriculture/food items, handicrafts, handmade carpet (including silk), handloom products, coir and coir manufactures, jute raw and yarn and other jute manufactures, readymade garments and made ups covered under Chapter 61-63, fabrics of all types, toys, sports goods, paper and stationary, Cosmetics and Toiletries, Leather Goods and footwear, Ceramics and Allied Products, Glass and Glassware, Medical and Scientific Instruments, Optical Frames, Lenses, Sunglasses Etc., Auto Components/Parts, Bicycle & Parts, Articles of Iron or Steel (Notified lines), Misc. Articles of base metals (Notified lines), Industrial Machinery, Electrical and Engineering items, 1C Engine, Machine tools, Parts (Notified lines), Electrical Machinery and Equipment (Notified lines), Telecom Instruments (Notified lines) and all items manufactured by SMEs other than those covered above