Amendments under Interest Equalization Scheme – Trade Notice No. 40/2023-2024
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.
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.
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