Clarification to the Trade Notice No. 07/2024-2025 – Trade Notice No. 08/2024-2025
This is in reference to the Trade Notice No. 07/2024-2025 dated 28.06.2024 vide which the Interest Equalisation Scheme (IES) for Pre and Post shipment Rupee Export Credit was extended for two months beyond 30th June, 2024.
- In this regard, it is noticed that banks are facing difficulties on the applicability of the Trade Notice
No. 07/2024-2025. - In view of the above, the issues raised are accordingly clarified as follows:
| S. No. | Issue raised | Clarification |
| 1 | Threshold Limit for the extended period: Whether there is any threshold limit of Interest Equalisation per IEC for the period from 1st July 2024 to 31st August 2024. | The Interest Equalisation will be capped at Rs. 1.66 Cr per IEC for the period from 1st July 2024 to 31st August 2024. |
| 2 | Inclusion of MSME Merchant Exporters: Whether the scheme is applicable only to MSME Manufacturer Exporters, who are eligible for IES benefit of 3%, or if it is also applicable to MSME Merchant Exporters, who are eligible for IES benefit of 2% under 410 HS Lines as advised in circular RBV2021- 22/180DOR.STR.REC.93/04.02.00 112021-22 | The scheme extended vide Trade Notice No. 07/2024-2025 dated 28.06.2024 is applicable only to MSME Manufacturer Exporters, who are eligible for IES benefit of3% |
| 3 | Requirement of Revised UIN: Whether clients would be required to generate revised UIN for the extended period as the existing UINs have a validity till 31.03:2025. | Applicants would not be required to generate revised UIN for the extended period if the applicants have already !generated UIN for the FY 2024-2025. |
This issues with the approval of the Competent Authority.
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