Amendments under Interest Equalisation Scheme – reg.

This has reference to the DGFT trade notice no. 16/2024-2025 dated 31.08.2024 vide which Interest Equalisation Scheme (IES) for pre and post shipment rupee export credit was extended up to 30^th September 2024.

DGFT vide trade notice no. 17/2024-2025 dated 17.09.2024 has now made below given amendment with immediate effect for rationalisation of the scheme:

30. The annual net subvention amount is capped at Rs. 10 Cr per IEC for a given financial year. Accordingly, a cap of Rs. 5 Cr. Per IEC for MSME Manufacturers is imposed till 30.09.2024 for the financial year starting from 01.04.2024.
31. It is further clarified that for Manufacturer, Exporters and Merchant Exporters the cap is Rs. 2.5 Cr till 30.06.2024.

The detailed notification is attached for the kind perusal of the members.

Members may kindly take note of the above.

Thanking you,

Yours faithfully,

(Chandrima Chatterjee)

Secretary General