Government of India

Ministry of Commerce and Industry

Department of Commerce

Directorate General of Foreign Trade

To,

Members of Trade and Industry

EPCs/FlEO

Reserve Bank of India

Subject: Extension of interest Equalization Scheme (IES) for Pre and Post shipment Rupee Export Credit for One month beyond 31st August, 2024.

Trade and industry is hereby Informed that the Interest Equalization Scheme for Pre and Post shipment Rupee Export Credit, which had earlier been extended up to 31.08.2024 as a fund limited scheme, has been further extended for one month upto 30.09.2024,

2. However this extension Is applicable only for MSME Manufacturing exporters. Apart from that, such extension is made with the same terms and conditions as the present scheme,

3. Guidelines issued by Reserve Bank of India and relevant RBI notifications issued from time to time on this subject may be referred.

(K M- Harilal)

t Director General of Foreign Trade DGFT (HQ)