Government of India
Ministry of Commerce & Industry
Department of Commerce
Directorate General of Foreign Trade
Vanijya Bhawan, New Delhi
Trade Notice No. 04/2023-24- DGFT| Dated: 21.04.2023
To,
1. All IEC Holders/Members of Trade & Industry
2. All Concerned bank branches
3. All Export Promotion Councils/Commodity Boards/ Other Industry Associations
Subject: Amendment under Interest Equalisation Scheme in respect of UIN- reg.
Attention of Trade and Industry is drawn towards Trade Notice no. 03/2023-24 dated 20.04.2023, wherein the eligible Interest Equalisation beneficiaries w.e.f 01.05.2023 were required to submit an Acknowledgement consisting of UIN which would be associated with a particular bank only for a ONE-TIME disbursement, also applicable where the credit is rolled over.
The amendments stated under the above-mentioned Trade Notice are deferred in view
of the operational challenges expressed by the beneficiaries of the scheme and the banks. The revised guidelines are as follows:
- An Acknowledgement consisting of UIN, valid for a financial year shall be unique to a specific bank. If a scheme beneficiary desires to take advantage of the benefits of the scheme from multiple banks, a new UIN must be provided for each bank.
3. This issues with the approval of the Competent Authority.
(Rohit Soni)
Deputy Director General of Foreign Trade
Email: rohit.soni88@gov.in
(Issued from File No. 01/94/180/094/AM22/PC-4)
