DGFT Amendments under Interest Equalization Scheme
Attention of Trade and Industry is drawn towards the extension of Interest Equalization Scheme (IES) upto 30.06.2024, as notified by RBI vide its Circular No. DOR.STR.REC. 78/04.02.001/2023-24 dated 22.02.2024.
2. In this regard, it may be noted that a cap of Rs. 2.50 Cr per IEC is imposed till 30.06.2024 for the quarter starting from 01.04.2024.
3. This issues with the Competent Authority.
