Delhi HC: Education Department Cannot Restrict Recruitment in Aided Minority Schools  ||  Allahabad HC: Senior Citizens Act Cannot Decide Title Disputes Unless Transfer Challengeable  ||  Bombay HC: Family Arrangement Execution Alone Not Proof of HUF Property Admission  ||  Patna HC: BAU Statutes Cannot Convert 2011 Direct Recruitment into Tenure Appointment  ||  P&H HC: Dressing Pet Dog as Lord Krishna Out of Devotion is Not Offence and Does Not Hurt Sentiments  ||  J&K HC Quashes 2016 Case Against Coca-Cola Over in Dual Pricing MRPs Allegations  ||  Supreme Court Explains the Grounds for Declaring a Judgment Per Incuriam  ||  SC: Summoning Hotel Records, Phone Data to Prove Adultery Does Not Breach Privacy Rights  ||  SC: Magistrates Should Not Record Prosecution Evidence in Sessions-Triable Cases  ||  Supreme Court Lays Down Guidelines on Using ITRs to Assess Motor Accident Victims' Income    

Interest Equalisation Scheme on Pre and Post Shipment Rupee Export Credit- (Reserve Bank of India) (29 Nov 2018)

MANU/RMIC/0099/2018

Banking

1. Please refer to the operational instructions for the captioned scheme contained in RBI circular on Interest Equalisation Scheme on Pre and Post Shipment Rupee Export Credit issued vide DBR.Dir.BC.No.62/04.02.001/2015-16 dated December 4, 2015 and DCBR.CO.SCB.Cir.No.1/13.05.000/2015-16 dated February 11, 2016.

2. In this regard, it has been decided by the Government of India to increase w.e.f. November 02, 2018 Interest Equalisation rate from 3% to 5% in respect of exports by the Micro, Small & Medium Enterprises (MSME) sector manufacturers under the Interest Equalisation Scheme on Pre and Post Shipment Rupee Export Credit.

3. In terms of para 2(c) of the Annex to the aforesaid RBI circulars, the Scheme is available to all exports under 416 tariff lines [at ITC (HS) code of 4 digits] and exports made by MSMEs across all ITC(HS) codes. It is therefore, advised that the benefit of the scheme be provided to all eligible MSME Exporters.

Tags : EQUALISATION SCHEME   INTEREST   SHIPMENT   EXPORT CREDIT  

Share :        

Disclaimer | Copyright 2026 - All Rights Reserved