{"id":2816,"date":"2022-06-01T05:36:25","date_gmt":"2022-06-01T05:36:25","guid":{"rendered":"https:\/\/rvkassociates.com\/blog\/?p=2816"},"modified":"2022-06-01T05:36:28","modified_gmt":"2022-06-01T05:36:28","slug":"interest-equalization-scheme-ies-on-pre-and-post-shipment-rupee-export-credit-extension","status":"publish","type":"post","link":"https:\/\/rvks.in\/blogs\/interest-equalization-scheme-ies-on-pre-and-post-shipment-rupee-export-credit-extension\/","title":{"rendered":"Interest Equalization Scheme (IES) on Pre and Post Shipment Rupee Export Credit &#8211; Extension"},"content":{"rendered":"\n<p class=\"has-text-align-right wp-block-paragraph\">May 31, 2022<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">All Scheduled Commercial Banks (excluding RRBs),<br>Small Finance Banks,<br>Primary (Urban) Cooperative Banks &amp; State Cooperative Banks (scheduled banks having<br>AD category-I license), and<br>Exim Bank<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Dear Sir \/ Madam,<\/p>\n\n\n\n<p class=\"has-text-align-justify wp-block-paragraph\">Please refer to paragraph 2.4 of the circular No. DOR.STR.REC.93\/04.02.001\/2021-22 dated March 8, 2022, wherein it was stated that the extended IES would not be available to those beneficiaries who were availing of the benefit under any Production Linked Incentive (PLI) scheme of the Government.<\/p>\n\n\n\n<p class=\"has-text-align-justify wp-block-paragraph\">2. In this regard, Government has issued a clarification that the extended IES will also be available to such beneficiaries for segments other than for which they have availed of PLI benefits.<\/p>\n\n\n\n<p class=\"has-text-align-justify wp-block-paragraph\">3. It is further advised that banks shall obtain a Self-Declaration under the IES from the exporters as per the format given in the Annex.<\/p>\n\n\n\n<p class=\"has-text-align-justify wp-block-paragraph\">4. These provisions shall be deemed effective from October 1, 2021. Other provisions of the aforesaid circular shall remain unchanged.<\/p>\n\n\n\n<p class=\"has-text-align-right wp-block-paragraph\">Yours faithfully<\/p>\n\n\n\n<p class=\"has-text-align-right wp-block-paragraph\"><br>(Manoranjan Mishra)<br>Chief General Manager<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>To Read More&#8230;.<br>Click the link below&#8230;.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Notification :<\/strong> <a href=\"https:\/\/www.dropbox.com\/s\/p3vywz2hisyeu1m\/Interest%20Equalization%20Scheme%20%28IES%29%20on%20Pre%20and%20Post%20Shipment%20Rupee%20Export%20Credit.PDF?dl=0\">https:\/\/www.dropbox.com\/s\/p3vywz2hisyeu1m\/Interest%20Equalization%20Scheme%20%28IES%29%20on%20Pre%20and%20Post%20Shipment%20Rupee%20Export%20Credit.PDF?dl=0<\/a>  <\/p>\n","protected":false},"excerpt":{"rendered":"<p>May 31, 2022 All Scheduled Commercial Banks (excluding RRBs),Small Finance Banks,Primary (Urban) Cooperative Banks &amp; State Cooperative Banks (scheduled banks havingAD category-I license), andExim Bank Dear Sir \/ Madam, Please refer to paragraph 2.4 of the circular No. DOR.STR.REC.93\/04.02.001\/2021-22 dated March 8, 2022, wherein it was stated that the extended IES would not be available [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1767,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,14],"tags":[34],"class_list":["post-2816","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-notifications","category-rbi","tag-rbi"],"_links":{"self":[{"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/posts\/2816","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/comments?post=2816"}],"version-history":[{"count":1,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/posts\/2816\/revisions"}],"predecessor-version":[{"id":2817,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/posts\/2816\/revisions\/2817"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/media\/1767"}],"wp:attachment":[{"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/media?parent=2816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/categories?post=2816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/tags?post=2816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}