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2020 ] FOREIGN TRADE POLICY E61
Interest Equalisation Scheme (IES) — Extension for Pre and
Post shipment Rupee Export Credit for one more year i.e.
upto 31-3-2021 with same scope and coverage
Subject : Extension of Interest Equalisation Scheme (IES) for Pre and Post
shipment Rupee Export Credit for one more year i.e. upto 31-3-2021
with same scope and coverage.
Attention of Trade and Industry is invited to the Trade Notice no. 45,
dated 1-2-2019 issued by DGFT. In continuation, it is hereby informed that Inter-
est Equalisation Scheme for Pre and Post shipment Rupee Export Credit is further ex-
tended for one more year i.e. upto 31-3-2021 with same scope and coverage. RBI has is-
sued Notification no. RBI/2019-20/231, dated 13-5-2020 in this regard which is
available at the link : https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=
11887&Mode=0.
2. The Scheme shall remain effective from 1-4-2020 till 31-3-2021 or un-
til further orders, whichever is earlier.
3. Guidelines issued by Reserve Bank of India and Relevant RBI notifi-
cations issued from time to time on this subject may be referred.
4. It is requested to make maximum use of the scheme and difficulties,
if any, may be brought to the notice of this Directorate.
[Addl. D.G.F.T., New Delhi, Trade Notice No. 11/2020-21, dated
14-5-2020]
Preferential Certificate of Origin for India’s exports to
Thailand and Vietnam under ASEAN-India FTA —
Issuance of physical copy
[Add on page 1398 of 25th Edition of FTP & Handbook of Procedures, Vol. 1, 2019-20]
Subject : Issuance of Preferential Certificate of Origin for India’s exports to
Thailand and Vietnam under ASEAN-India FTA
Trade Notice 1/2020-2021, dated 7-4-2020 was issued in view of the
movement restrictions in place due to COVID-19 pandemic in India wherein, the
designated agencies were enabled to issue digitally signed electronic Certificates
of Origin.
2. Further to this, various representations have been received from ex-
porters expressing difficulties in obtaining preferential access in Thailand and
Vietnam based on the digitally signed electronic Certificates of Origin.
3. In view of above, the earlier procedure of issuing physical copy of
Certificate of Origin (CoO) by the designated agencies for exports to Thailand to
Vietnam under ASEAN-India FTA is being restored. The CoO applications under
ASEAN-India FTA for exports to Thailand and Vietnam should now be submit-
ted manually by the exporters to the offices of the designated issuing agencies i.e.
EIA, MPEDA and Textile Committee.
4. The e-platform (coo.dgft.gov.in) will not accept CoO applications
submitted for exports destined to Thailand and Vietnam. However, the
e-platform shall continue to accept and process CoO applications for export to
other countries under ASEAN-India FTA.
EXCISE LAW TIMES 1st June 2020 89
