Interest Equalisation Scheme on Pre and Post Shipment Rupee Export Credit

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..... Credit The Government of India has announced the Interest Equalisation Scheme on Pre and Post Shipment Rupee Export Credit to eligible exporters. The scheme is effective from April 1, 2015. The details of the scheme are enclosed. 2. Accordingly, scheduled commercial banks are advised to adhere to the following operational procedure for claiming reimbursement: A. Procedure for passing on .....

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..... ng the period the scheme is in force. B. Procedure for claiming reimbursement of interest equalisation benefit already passed on to eligible exporters i. The sector-wise consolidated reimbursement claim for the period April 1, 2015 to November 30, 2015 for the amount of interest equalisation already passed on to eligible exporters should be submitted to RBI by December 15, 2015. ii. The s .....

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..... claims may be submitted to the Chief General Manager, Department of Banking Regulation, Reserve Bank of India, Central Office, Shahid Bhagat Singh Marg, Fort Mumbai 400 001. v. The reimbursement of interest equalisation claim will be made as and when the funds are received from Government of India. Yours faithfully, (Lily Vadera) Chief General Manager - Circula .....

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