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Interest Equalisation Scheme (IES) - Extension for Pre and Post ship-
ment Rupee Export Credit for one more year i.e. upto 31-3-2021 with same
scope and coverage. — In continuation to the Trade Notice No. 45, dated 1-2-
2019 issued by DGFT, the Interest Equalisation Scheme for Pre and Post ship-
ment Rupee Export Credit has been further extended for one more year i.e. upto
31-3-2021 with same scope and coverage. RBI has issued Notification No.
RBE2019-20/231, dt. 13-5-2020 in this regard. The Scheme shall remain effective
from 1-4-2020 till 31-3-2021 or until further orders, whichever is earlier. — Addl.
D.G.F.T., New Delhi, Trade Notice No. 11/2020-21, dated 14-5-2020. (See page E61)
Preferential Certificate of origin for India’s exports to Thailand and
Vietnam under ASEAN - India FTA - Issuance of Physical copy. — In view of
representations received from exporters expressing difficulties in obtaining pref-
erential access in Thailand and Vietnam based on the digitally signed electronic
Certificates of Origin, the D.G.F.T. has restored the earlier procedure of issuing
physical copy of Certificate of Origin (CoO) by the designated agencies for ex-
ports to Thailand and Vietnam under ASEAN-India FTA. The CoO applications
under ASEAN-India FTA for exports to these countries are to be now submitted
manually to the offices of the designated issuing agencies i.e. EIA, MPEDA and
Textile Committee. The e-platform (coo.dgft.gov.in) will no more accept CoO ap-
plications for exports to these countries. — D.G.F.T. Trade Notice No. 12/2020-21,
dated 22-5-2020. (See page E61)

Foreign Exchange Management Act

Foreign Exchange Management (Export of Goods and Services) Regu-
lations, 2015 - Amendment of 2020 - RBI may specify period for realization of
export proceeds beyond normal period. — The Reserve Bank of India has
amended the Foreign Exchange Management (Export of Goods & Services) Regu-
lations, 2015 to allow more period for realization of export proceeds beyond nine
months and export proceeds for export to a warehouse beyond fifteen moths
within such period as may be specified by the Reserve Bank, in consultation with
the Government, from time to time. — RBI (Foreign Exchange Department) Notifica-
tion No. FEMA 23(R)/(3)/2020-RB, dated 31-3-2020. (See page E62)

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