Operationalisation of new online IT Module for Interest Equalisation Scheme w.e.f. 01.04.2022

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ustry 2. All Concerned banks and its branches 3. All RAs of DGFT 4. Export Promotion Councils/Commodity Boards/ other Industry Associations Subject: Operationalisation of new online IT Module for Interest Equalisation Scheme w.e.f. 01.04.2022. Attention of the trade and industry is drawn towards the extension of the Interest Equalisation Scheme (IES) upto 31.3.2024, as notified by RBI vide it....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....eed to be followed by all concerned exporters - i. As a first step, any exporter seeking to apply under IES, need to register on the DGFT Website (if not already registered). It may be ensured that applicant's IEC is linked to its online account, the IEC (ANF-2A) and the Exporter-Importer Profile(ANF-1) is updated to reflect correct and up-to-date details. ii. Thereafter, exporter need to ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....f 1 year from the date of registration, during which an application for availing benefit of IES can be submitted to the concerned bank. The auto generated Acknowledgement containing UIN number need to be submitted to the concerned bank alongwith the prescribed application by the bank, if any, for availing benefit under IES. 5. It will be mandatory for exporter to submit UIN acknowledgment to conc....