Amendments under Interest Equalisation Scheme – Trade Notice

Amendments under Interest Equalisation Scheme – Trade Notice

Amendments under Interest Equalisation Scheme — Trade Notice No.17/2024-2025

Attention of Trade and Industry is drawn towards the extension of Interest Equalisation Scheme (IES) up to 30.09.2024, as notified by DOFT vide Trade Notice no. 16/2024-25 dated 31.08.2024.

2. The below mentioned amendment is made with immediate effect for rationalisation of the scheme.

  1. The annual net subvention amount is capped at Rs 10 Cr per IEC for a given financial year, accordingly a cap of Rs. S Cr per IEC for MSME Manufacturers is imposed till 30.09.2024 for the financial year starting from 01.04.2024.
  2. It is further clarified that for Manufacturer Exporters and Merchant Exporters the cap is Rs. 2.5 Cr till 30.06.2024.

3. This issues with the approval of Competent Authority.

Trade Notice No.17/2024-2025

Go to DGFT

Read More Updates on DGFT

    Post Views: 232

    CA Cult

    SEBI – Companies paid royalty exceeding 20% of net profits

    SEBI – Companies paid royalty exceeding 20% of net profits

    Harmonisation of Schedule-II (Export Policy), ITC(HS) 2022

    Harmonisation of Schedule-II (Export Policy), ITC(HS) 2022

    Fixation of new SIONs under ‘Chemical and Allied Product’

    Fixation of new SIONs under ‘Chemical and Allied Product’

    Advisory on IMS on the Supplier View

    Advisory on IMS on the Supplier View

    Advisory regarding IMS during initial phase of its implementation

    Advisory regarding IMS during initial phase of its implementation

    Trading supported by Blocked Amount in the Secondary Market

    Trading supported by Blocked Amount in the Secondary Market