TN 17/2024
Y
Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Vanijya Bhawan, New Delhi
Dated: 17.09.2024
Trade Notice No.17/2024-2025
To,
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All IEC Holders/Members of Trade and Industry.
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All concerned Bank Branches.
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All Export Promotion Councils/Commodity Boards/ Other Industry Associations.
Subject: Amendments under Interest Equalisation Scheme — reg.
Attention of Trade and Industry is drawn towards the extension of Interest Equalisation Scheme (IES) up to 30.09.2024, as notified by DGFT vide Trade Notice no. 16/2024-25 dated 31.08.2024.
ie The below mentioned amendment is made with immediate effect for rationalisation of the scheme.
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a. The annual net subvention amount is capped at Rs 10 Cr per IEC for a given financial year, accordingly a cap of Rs. 5 Cr per IEC for MSME Manufacturers is imposed till 30.09.2024 for the financial year starting from 01.04.2024.
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b. It is further clarified that for Manufacturer Exporters and Merchant Exporters the cap is Rs. 2.5 Cr till 30.06.2024.
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a This issues with the approval of Competent Authority.
= arn" (Raman Kumar) Dty. Director General of Foreign Trade DGFT Hq
or (Issued from File No.: 01/94/180/135/AM24/PC-4)
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