MANU/DGFT/0062/2023
Ministry : Ministry of Commerce and Industry
Department/Board : DGFT
Trade Notice No. : 03/2023-2024
Date : 20.04.2022
Notification/ Circulars Referred : Trade Notice no. 38/2021-22 dated 15.03.2022 MANU/DGFT/0038/2022
To,
1. All IEC Holders/Members of Trade & Industry
2. All Concerned bank branches
2. All Export Promotion Councils/Commodity Boards/ Other Industry Associations
Amendments under Interest Equalisation Scheme in respect of UIN
Attention of Trade and Industry is drawn towards Trade Notice no. 38/2021-22 dated 20.04.2023, wherein the eligible Interest Equalisation beneficiaries w.e.f 01.04.2022 were required to submit an Acknowledgement consisting of a Unique Identification Number (UIN) to the concerned bank to avail the interest subvention under this scheme.
2. All the exporters seeking benefits under the Interest Equalisation
Scheme w.e.f 01.05.2023 are required to submit an Acknowledgement consisting
of UIN which would be associated with a particular bank only for a ONE-TIME
disbursement. The beneficiaries of this scheme are directed to submit a new
UIN for each disbursement to the concerned bank. This also applies where the
credit is rolled over, and a new UIN shall be generated by the exporter for
each roll over.
3. This issues with the approval of the Competent Authority.
(Rohit Soni)
Deputy Director General of Foreign Trade
(Issued from File No. 01/94/180/094/AM22/PC-4)