Interest Income Shall be exempt if paid to FINNVERA or Finnish Export Credit in Finland - DTAA

In the paragraph 3 of Article 12, in the list of Institution, of the DTAA between Government of the Republic of India and the Government of the Republic of Finland the following entry has been inserted:

FINNVERA and Finnish Export Credit.

Impact of the above insertion:

Interest arising in India shall be exempt from Indian tax if the interest is paid to FINNVERA or Finnish Export Credit on or after 28th day of August, 2007.

Notification No. 5/2008 Income Tax, Dated 10-1-2008