Reetu | Mar 21, 2024 |
DGFT Imposes Cap of 2.5 Cr Per IEC from 1st April to 30th June 2024
The Directorate General of Foreign Trade (DGFT) has issued an amendment under the Interest Equalization Scheme via issuing a Trade Notice. The amendment is to impose a cap of Rs. 2.5 crores per IEC from 1st April 2024 to 30th June 2024.
The Trade Notice Read as follows:
Attention of Trade and Industry is drawn towards the extension of the 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.
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.
This issues with the Competent Authority.
For Official Trade Notice Download PDF Given Below:
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