DGFT clarified that banks may submit interest subvention claims even where UINs were generated after export credit disbursal during the transition phase. The relaxation was introduced to address practical implementation challenges faced by exporters and lending institutions under the EPM scheme.
The trade notice introduces an electronic system to resolve difficulties faced in using manually issued EPCG scrips. It enables seamless processing and transmission for better compliance.
The notification includes 167 new tariff lines under Chapter 72 for interest subvention benefits, but restricts eligibility exclusively to Micro and Small Enterprises.
The DGFT has extended its EODC issuance drive until May 31, 2026 to clear pending applications under AA and EPCG schemes. The move emphasizes faster disposal of old and deficient cases while reducing compliance burden on exporters.
The notice clarifies eligibility, UIN requirements, and claim procedures under the export credit scheme. It emphasizes strict compliance and limits benefits to eligible disbursements.
The Bengaluru CGST zone cautioned taxpayers about individuals posing as GST officers. Taxpayers were advised to verify officer identity, authorization, and DIN before allowing inspections.
Authorities warned taxpayers about fake GST officers conducting fraudulent inspections. Businesses must verify officer identity, written authorization, and DIN before allowing any search or inspection.
DGFT has launched the Support for Emerging Export Opportunities initiative under EPM to help MSMEs access trade finance for exports to underserved markets. The scheme provides government-backed risk-sharing support through Exim Bank to strengthen cross-border trade.
The government introduced a pilot credit assistance program under the Export Promotion Mission to provide working capital, guarantee cover, and interest subvention to MSME e-commerce exporters.
The government operationalised an Inter-Ministerial Group to monitor geopolitical impacts on supply chains and recommend mitigation measures to protect India’s exports.
