The DGFT vide Trade Notice No. 03/2023-24 dated April 20, 2023 has issued amendments under the Interest Equalisation Scheme in respect of the Unique Identification Number (“UIN”).
Attention of Trade and Industry is drawn towards Trade Notice no. 38/2021-22 dated March 15, 2022, wherein the eligible Interest Equalisation beneficiaries w.e.f April 01, 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.
All the exporters seeking benefits under the Interest Equalisation Scheme w.e.f May 01, 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.
The Trade Notice can be accessed at: https://content.dgft.gov.in/Website/dgftprod/fa094194-1daa-46ed-ba80-5d50eaee031c/Trade%20Notice-03.pdf