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Jhansi Castle, 4th Floor, 7 Cooperage Road, Mumbai - 400 001.India.
Tel : +91 22 22021288 / * Fax : +91 22 22026684
* E-mail : info@chemexcil.gov.in Web : https://chemexcil.gov.in
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EPC/LIC/RBI/IES 13th April-2021
TO,
ALL THE MEMBERS OF THE COUNCIL
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Extension of Interest Equalization Scheme on Pre and Post Shipment Rupee Export Credit
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Dear Members,
The Reserve Bank of India (RBI) has issued Notification dated 12th April 2021 regarding Extension of Interest Equalization Scheme on Pre and Post Shipment Rupee Export Credit.
As an effect of this Notification, Interest Equalization Scheme for pre and post shipment Rupee export credit, with same scope and coverage, has been extended for three more months i.e., up-to June 30, 2021.
The extension takes effect from April 01, 2021 and ends on June 30, 2021 covering a period of three months. Consequently, the extant operational instructions issued by the Reserve Bank under the captioned Scheme shall continue to remain in force up-to June 30, 2021.
Members are requested to take note of this extension granted to the IES scheme and do the needful accordingly. The said RBI Notification is also available for reference on below link-
https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12075&Mode=0
Feed-backs, if any may be sent to the Council on our email id's: deepak.gupta@chemexcil.gov.in, pwdd@chemexcil.gov.in & info@chemexcil.gov.in .
Thanking you.
Yours Faithfully,
Deepak Gupta
Acting Executive Director
CHEMEXCIL
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