Interest Equalisation Scheme on Pre and Post Shipment Rupee Export Credit w.e.f. 1st April, 2015

GOVERNMENT OF INDIA

MINISTRY OF COMMERCE & INDUSTRY

DEPARTMENT OF COMMERCE

DIRECTORATE GENERAL OF FOREIGN TRADE

UDYOG BHAVAN, NEW DELHI

Dated 8^th December, 2015

Trade Notice No. 09/2015

To

1. All Members of Trade
2. All Export Promotion Councils/Chambers of Trade and Industry
3. All Regional Authorities of DGFT

Subject : Interest Equalisation Scheme on Pre and Post Shipment Rupee Export Credit w.e.f. 1^st April, 2015

It is brought to the notice of Trade and Industry that the Interest Equalisation Scheme for Pre and Post Shipment Rupee Export Credit has been announced by the Government of India and notified vide RBI Circular No. DBR/Dir/BC. No. 62/04 02.001/2015-16 dated December 4 2015. The scheme is applicable w.e.f. 1^st April, 2015. Details of the scheme are available on the website of RBI www.rbi.org.in.

2.As the scheme is applicable from 01.04.2015, all eligible exporters who have availed pre and post shipment credit facility from 01.04.2015 may contract their respective Banks to enable expeditious decision on availing benefit under the scheme.

(ANIL AGGARWAL)

Joint Director General Foreign Trade

E mail: Aggarwal@nic.in

(Issued from F. No. 01/94/180/101/AM16/PC4)