CHEMEXCIL
Basic Chemicals, Cosmetics & Dyes Export Promotion Council
(Set-up by Ministry of Commerce and Industry, Govt of India)
Jhansi Castle, 4th floor, 7-Cooperage Road, Mumbai - 400 001.
Tel : 91-22-22021288, 22021330 Fax : 91-22-22026684.
E-mail: info@chemexcil.in
Website: http://www.chemexcil.in
EPC:LIC:DGFT:TN 25 MAY, 2023
To,
ALL THE MEMBERS OF THE COUNCIL
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Amendment under Interest equalization Scheme-Regarding
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Dear Members,
The O/o Directorate General of Foreign Trade, New Delhi has issued a trade notice no 05/2023-24 dated 25th May-2023.
As per the notice the Interest Equalization scheme is extended up to 31st March-2024.
Further in order to rationalize the scheme the annual net subvention amount would be capped to Rs. 10Cr. Per IEC in a given financial year. All disbursement made from 2st April 2023 shall be counted for an IEC for the current financial year
For full details you may refer to said notification available on below link-
https://content.dgft.gov.in/Website/dgftprod/bc5f73b9-828d-468a-ad3d-60f13f485bcc/Trade%20Notice%2005-2023-24%20dated%2025-05-2023.pdf
Feed-backs, if any may can be sent to the council on e-mail ids:- ed@chemexcil.in with copy to pw@chemexcil.in for records/ further deliberations, if required.
Thanks and Regards
Prafulla Walhe
Dy. Director
CHEMEXCIL
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