Interest Equalisation Scheme (IES) for pre and post Shipment Rupee Export Credit and its expansion

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....e & Industry EPCs/FIEO Reserve Bank of India Subject: Interest Equalisation Scheme (IES) for pre and post Shipment Rupee Export Credit and its expansion Trade and industry is already aware that the Interest Equalisation Scheme (IES) for pre and post Shipment Rupee Export Credit is being implemented by this Directorate through the RBI and its network of banks. The scheme came into effect from 1....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... under the Scheme. 4. Eligible category and equalisation rate, presently, is as follows: Export items Eligible category Rate of equalisation 416 four digit tariff lines listed in the scheme Large sector manufacturers from 1.4.2015 and Merchant exporters from 2.1.2019 onwards 3% per annum All tariff lines MSME sector manufacturers 3% per annum from 1.4.2015 and 5% per annum w.e.f. 2.11.20....