Interest Equalization Scheme Amended: Rs. 2.50 Crore Cap Per IEC Effective Until June 2024 for Exporters and Importers.

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....The Directorate General of Foreign Trade (DGFT) issued Trade Notice, highlighting amendments to the Interest Equalization Scheme (IES) in line with the extension announced by the Reserve Bank of India (RBI). The notice introduces a cap of Rs. 2.50 Cr per Importer-Exporter Code (IEC) until June 30, 2024, impacting exporters and importers alike.....