DGFT has issued a Trade Notice to inform that the Interest Equalization Scheme (IES) which is extended upto 30.06.2024 by RBI will have cap of Rs. 2.50 Cr per IEC imposed till 30.06.2024 for the quarter starting from 01.04.2024
Trade Notice No. 40/2023-24 Dated 20.03.2024 can be downloaded from the link below:
https://content.dgft.gov.in/Website/dgftprod/a70c5d16-a6c6-4a04-ae8f-437d73a979c7/Trade%20Notice%20No%2040.pdf
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