Interest Equalisation Scheme on Pre and Post Shipment Rupee Export Credit.
Dear all,
Your association SIMA is forwarding herewith a letter issued by Reserve Bank of India vide letter No.RBI/2018-19/81 dated 29/11/2018 regarding Interest Equalisation Scheme on Pre and Post Shipment Rupee Export Credit.
Vide the letter, RBI referred 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.
Interest Equalisation Scheme and its Notification No DBR.Dir.BC.No.09 /04.02.001/2018-19 on Pre and Post Shipment Rupee Export Credit
The government of India increased 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 w.e.f. November
02, 2018.
This scheme is available to all exports under 416 traffic lines and exports made by MSMEs across all ITH codes.
For more information, please go through the attachment.
This is for your kind information.
Thanking you,
With regards,
For Silvassa Industries & Manufacturers Association,
Narendra Trivedi,
Secretary
