Government of India
Ministry of Commerce and Industry
Department of Commerce
Directorate General of Foreign Trade
Udyog Bhawan, New Delhi 110001
Dated : 14th May 2020
Members of Trade and Industry
Reserve Bank of India
Subject: Extension of Interest Equalisation Scheme (IES) for Pre and Post shipment Rupee Export Credit for one more year i.e. upto 31.03.2021 with same scope and coverage.
Attention of Trade and Industry is invited to the Trade Notice no. 45 dt. 01.02.2019 issued by DGFT. In continuation, it is hereby informed that Interest Equalisation Scheme for Pre and Post shipment Rupee Export Credit is further extended for one more year i.e. upto 31.03.2021 with same scope and coverage. RBI has issued Notification no. RBI/2019-20/231 dt. 13.05.2020 in this regard which is available at the link: https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11887&Mode=0.
2. The Scheme shall remain effective from 01.04.2020 till 31.03.2021 or until further
orders, whichever is earlier.
3. Guidelines issued by Reserve Bank of India and Relevant RBI notifications issued from time to time on this subject may be referred.
4. It is requested to make maximum use of the scheme and difficulties, if any, may be
brought to the notice of this Directorate.