Tax exemption under section 10(15)(iv) for interest on loans from a specified foreign financial institution has been granted. The Central Government has accorded approval to Banque Francaise du Commerce Exterieur, Paris, so that interest payable by any industrial undertaking in India on moneys borrowed under a loan agreement with that foreign financial institution is exempt from tax under the statutory provision, thereby treating such interest receipts as falling within the exemption category when the borrowings are effected under qualifying loan agreements with the named institution.