Friday, November 30, 2018

Interest Equalization rate increases from 3% to 5% from MSME exporters

In order to help the exporter, the Reserve Bank of India (RBI) has decided to increase Interest Equalisation rate from 3 per cent to 5 per cent in respect of exports by the Micro, Small & Medium Enterprises sector manufactures under the Interest Equalisation Scheme on Pre and Post Shipment Rupee Export Credit.

from taxmann.com News https://ift.tt/2Ro9GnD
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