DGFT issued a Notification regarding the

Mar 22, 2024 | by TeamLease RegTech Legal Research Team

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Finance & Taxation Compliance The Directorate General of Foreign Trade (DGFT) on March 20, 2024, issued a Notification regarding the Amendment in the Interest Equalization Scheme.

The following has been amended namely: -

• This has a refernce to the, RBI Circular No. DOR.STR.REC. 78/04.02.001/2023-24 dated February 22, 2024, that has extended the Interest Equalization Scheme up to June 30, 2024

• It also specifies that a cap of Rs. 2.50 Cr per IEC shall be imposed till June 30, 2024, for the quarter starting from April 01, 2024.

[Notification no. - 40/2023-2024]

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