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Interest Equalisation Scheme Gets Capped at Rs 2.5 Crore Per Importer Exporter Code For June Quarter.
Mar 21, 2024

The government has imposed a cap of Rs 2.50 crore per Importer Exporter Code under Interest Equalization Scheme for the quarter ending June 30, 2024. 
The Interest Equalization Scheme introduced in 2015 to provide pre and post-shipment export credit to exporters in Indian rupee was originally slated for a five-year duration till March 31, 2020. However, it has since been extended multiple times, including a one-year extension amidst the Covid-19 pandemic, along with additional extensions and allocations of funds.
 
    

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