Clarifications on Interest Subvention Support for Pre- and Post-Shipment Export Credit under Export Promotion Mission (EPM) - Niryat Protsahan – reg.

Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Vanijya Bhawan, New Delhi Trade Notice No. 13/2026-27 Dated: 14 July, 2026 Subject: Clarifications on Interest Subvention Support for Pre- and Post- Shipment Export Credit under Export Promotion Mission (EPM) - Niryat Protsahan – reg. Reference is intended to guidelines for Interest Subvention Support for Pre- and Post-Shipment Export Credit under the Export Promotion Mission (EPM) issued vide Trade Notice No. 20/2025-26 dated 02.01.2026, Trade Notice No. 22/2025-26 dated 16.01.2026, Trade Notice No. 33/2025-26 dated 20.03.2026, Trade Notice No. 01/2026- 27 dated 20.04.2026, and Trade Notice No. 03/2026-27 dated 13.05.2026. 2. Representations have been received from various lending institutions seeking point-wise clarifications on operational difficulties and technical compliance parameters concerning the implementation of the revised guidelines notified vide Trade Notice No. 03/2026-27 dated 13.05.2026. The issues raised primarily relate to timeline alignments for historical claims, running accounts across financial years and UIN related. 3. The issues have been systematically examined in this Directorate. In the interest of ease of doing business and to ensure smooth uniform processing, the following clarifications are issued: S.N. Issue Clarification 1 Procedure for submission of Banks may submit additional claims revised/additional claims for January for eligible cases covered under Trade 2026 – March 2026 and April 2026 Notice No. 03/2026-27 before Trade Notice No. 03/2026-27 does not set 31.07.2026 for: out the procedure for submission of claims (a) export credit disbursed on or after for January 2026-April 2026, for which 02.01.2026; and claims have already been submitted. (b) UIN is generated on or before The bank requests the procedure for 31.05.2026. submitting revised/additional claims as per the revised guidelines, noting that exporters can generate UIN for FY 2025- 26 up to 31.05.2026.2 2 Extension of UIN generation window to The relaxation permitting UIN 31.05.2026 for FY 2026-27 generation up to 31.05.2026 is disbursements in April 2026 applicable only for eligible export credit Since Trade Notice No. 03/2026-27 was disbursed during FY 2025-26 on or issued on 13.05.2026, the bank requests after 02.01.2026, in accordance with extension of time till 31.05.2026 for Trade Notice No. 03/2026-27. exporters to generate UIN for FY 2026-27 This relaxation does not extend to so that all pre-shipment credit (PC)/bills disbursements made in FY 2026-27. disbursed in April 2026 may avail interest For FY 2026-27 onwards, the prescribed subvention benefit. provision of generation of UIN within 15 days from the date of original disbursal shall apply. 3 Timeline for submission of claims in In cases where eligible export credit is the DGFT portal where UIN is disbursed towards the end of a month generated within 15 days from end-of-and UIN generation is permissible within month disbursals 15 days from the date of disbursal, For FY 2026-27 onwards, a UIN banks may submit claims before the last generated within 15 days from the date of date of the month subsequent to month original disbursal is treated as valid. of disbursal. In cases where Credit/Bills are disbursed Hence, effectively the time limit for on the last day of a month, the exporter filing claim shall be one month from has time until the 15th of the subsequent the date of disbursement month to generate the UIN. The bank requests clarification on the timeline for submission of claims in the DGFT portal in such cases, since the branch/bank cannot finalize the claim before UIN generation and validation. 4 Whether separate UINs are required for A single UIN shall not be used for pre-shipment and post-shipment credit both pre-shipment and post-shipment facilities, or a single UIN can cover benefits. both Where separate UINs are generated for Exporters are able to generate separate pre-shipment and post-shipment export UINs for both pre-shipment and post-credit facilities, the respective UIN shipment credit facilities. corresponding to the relevant facility The bank seeks clarification whether, shall be used for claiming interest where both facilities have been availed, subvention benefits under that facility. the exporter is required to generate and use separate UINs for each, or whether3 either one of the generated UINs can be used for claiming both pre-shipment as well as post-shipment interest subvention benefits. 5 Applicability of year-specific UIN claim The requirement under point (d) of filing for running pre-shipment credit Trade Notice No. 03/2026-27 that the accounts spanning multiple financial claim filed in respect of a UIN must years be specific to the year in which the With reference to point (d) of Trade Notice disbursal of credit was/is made and is No. 03/2026-27 dated 13.05.2026, which to be read in conjunction with the overall provides that "the banks shall also ensure scheme parameters, including the the claim being filed in respect of a UIN is provisions for running/revolving pre- specific to the year in which the disbursal shipment credit facilities. of credit was/is made", clarification is In the case of a running pre-shipment sought on the applicability of this credit account where the original requirement in the case of running disbursal is made in FY 2025-26 (e.g., account pre-shipment credit facilities 15.03.2026) and the credit remains where interest is charged on a monthly outstanding into FY 2026-27 (with basis. interest continuing to accrue monthly), the year-specific UIN requirement Example: A pre-shipment export credit facility is disbursed on 15.03.2026, with a operates as follows: due date of 10.06.2026. (a) The FY 2025-26 UIN shall be valid Interest is charged to the exporter in for claiming interest subvention for the March 2026, April 2026, May 2026, and period falling within FY 2025-26, i.e., June 2026. The bank seeks guidance on up to 31.03.2026. whether interest subvention claims with Interest subvention shall be admissible the UIN generated in FY 2025-26 can be from the date of loan disbursal filed in FY 2026-27 (covering April 2026, (15.03.2026 in the example) and not May 2026, and June 2026), or whether a merely from the date of UIN fresh UIN for FY 2026-27 is required, generation. given that interest is debited month-wise (b) Where the export credit remains in the running account. outstanding beyond 31.03.2026 and Requirement of revised/fresh UIN for interest subvention is sought for the outstanding export credit continuing period falling in FY 2026-27 (i.e., April into subsequent financial year 2026, May 2026, and June 2026 in the Clarification is sought on whether banks example), a fresh/revised UIN for FY may continue to extend interest 2026-27 shall be required in subvention benefits during FY 2026-27 for accordance with the applicable export credit loans disbursed between provisions and yearly monitoring 03.01.2026 and 31.03.2026 based on the framework under the scheme.4 UIN certificate that was valid at the time of (c) Banks shall ensure that claims are disbursal, or whether exporters are filed against the UIN corresponding required to obtain a revised/fresh UIN for to the relevant financial year for availing interest subvention benefits on which the interest subvention benefit outstanding loans continuing beyond is being claimed. 31.03.2026. The relaxation under Trade Notice No. Illustrative Example: 03/2026-27 regarding timing of UIN generation and admissibility of claims Loan Disbursed on – 20.02.2026 does not modify this year-specific Maturity Date – 30.06.2026 UIN and claim-mapping requirement. UIN Validity (as on disbursal) – up to This position is consistent with the year- 31.03.2026 specific UIN and claim-mapping Status of Loan (as on 30.04.2026) – framework under the scheme and with Outstanding point (d) of Trade Notice No. 03/2026- UIN Status – Expired as on 31.03.2026 27. Validity of FY 2025-26 UIN for The UIN reflects the financial year of disbursements continuing beyond disbursal; subvention accruing in a 31.03.2026 subsequent financial year requires a corresponding UIN for that year. A UIN obtained on 02.01.2026 was valid for disbursements done on or after Banks shall ensure that monthly interest 02.01.2026 with an expiry date of subvention claims are filed against the 31.03.2026. Clarification is requested on UIN for the financial year in which the whether disbursements done on or after interest subvention is granted, and are 02.01.2026 and continuing even after not cross-mapped against UINs of a 31.03.2026 shall be reckoned under the different financial year. same UIN issued for FY 2025-26 while submitting claims online in the DGFT portal. 6 Claim submission process where Trade Notice No. 03/2026-27 permits a subvention benefit was not passed relaxation where export credit was upfront disbursed on or after 02.01.2026 and The IES claim submission process for the UIN is generated subsequently (on cases where the subvention benefit was or before 31.05.2026). not passed upfront due to the absence of For such past cases where subvention a UIN at the time of disbursement is not was not passed upfront, banks may clearly defined in the Trade Notice. submit additional claims before Clarification is requested on the process. 31.07.2026 in the online module. 7 Filing mechanism for past cases and Where additional claims pertain to past alignment with regular June 2026 periods (January 2026 to May 2026), such claims shall be submitted5 claims separately through the online DGFT Whether claims for past cases are module and shall not be clubbed with required to be filed separately with a or included in the regular monthly separate external auditor’s certificate, or claim submission for June 2026. can be included along with the regular The requirement for an external claim for June 2026. auditor's certificate in respect of such additional claims, including the eligible period to be certified there under, shall be necessary for the additional claim for specified months and are to be filed before 31.07.2026. This Trade Notice is issued with the approval of the Competent Authority. (A.G. Subramanian) Deputy Director General of Foreign Trade [Issued from File No. 01/02/89/AM-26/EPM]