Interest Equalisation Scheme on Pre and Post Shipment Rupee Export Credit

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ia has announced the Interest Equalisation Scheme on Pre and Post Shipment Rupee Export Credit to eligible exporters. The scheme is effective from April 1, 2015. The details of the scheme are enclosed. 2. Accordingly, scheduled commercial banks are advised to adhere to the following operational procedure for claiming reimbursement: A. Procedure for passing on the benefit of interest equalisation....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

..... Procedure for claiming reimbursement of interest equalisation benefit already passed on to eligible exporters i. The sector-wise consolidated reimbursement claim for the period April 1, 2015 to November 30, 2015 for the amount of interest equalisation already passed on to eligible exporters should be submitted to RBI by December 15, 2015. ii. The sector-wise consolidated monthly reimbursemen....