Supreme Court: Police May Freeze Bank Accounts under S.102 CrPC in Prevention of Corruption Cases || SC: Arbitrator’s Mandate Ends on Time Expiry; Substituted Arbitrator Must Continue After Extension || SC: Woman May Move Her Department’s ICC For Harassment by Employee of Another Workplace || SC: Women’s Representation Requirement Applies to All Bar Associations in Gujarat || SC: Contempt Power isn’t Judges’ Personal Shield nor a Tool to Silence Legitimate Criticism || SC: Statutory Corporation Can Deduct under S.36(1)(viii) Only for Income from Long-Term Finance || NCLT Kolkata: Costs for Compromise or Arrangement Scheme not Part of Liquidation Expenses || NCLT Ahmedabad: Complaints Against Auditors or Company Secretaries Not Grounds for Company Probe || SC: NCLT Can Forfeit Entire Deposit if Purchaser Defaults on Payment for Liquidation Assets || Meghalaya HC: Non-Signatory or Non-Existent LLP Cannot Claim Arbitration via Group of Companies

Interest Equalization Scheme on pre and post shipment rupee export credit - extension- (Reserve Bank of India) (01 Jul 2021)

MANU/RMIC/0093/2021

Banking

1. This is with reference to the instructions issued vide circular DOR.CRE.REC.06/04.02.001/2021-22 dated April 12, 2021.

2. Government of India has approved the extension of Interest Equalization Scheme for Pre and Post Shipment Rupee Export Credit, with the same scope and coverage, for a further period of three months, i.e., up to September 30, 2021. The extension takes effect from July 01, 2021 and ends on September 30, 2021 covering a period of three months.

3. Consequently, the extant operational instructions issued by the Reserve Bank under the captioned Scheme shall continue to remain in force up to September 30, 2021.

Tags : INTEREST EQUALIZATION SCHEME EXTENSION

Share :