The Directorate General of Foreign Trade (DGFT) has issued Trade Notice No. 13/2026-27 dated 14 July 2026, providing important clarifications on the Interest Subvention Support for Pre-Shipment and Post-Shipment Export Credit under the Export Promotion Mission (EPM). The objective is to resolve operational issues faced by banks and exporters and ensure smoother implementation of the scheme.
Why is this Trade Notice Important?
The Interest Subvention Scheme helps eligible exporters reduce their borrowing costs by offering interest support on export credit. However, banks had raised several practical concerns regarding UIN generation, claim filing timelines, and year-wise compliance. This Trade Notice addresses those concerns and provides clear operational guidance.
Key Highlights
- Additional claims for eligible export credit disbursed on or after 2 January 2026 can be submitted until 31 July 2026, subject to the prescribed conditions.
- From FY 2026-27, exporters must generate the UIN (Unique Identification Number) within 15 days of the original loan disbursement.
- Separate UINs are mandatory for Pre-Shipment Export Credit and Post-Shipment Export Credit. A single UIN cannot be used for both facilities.
- If an export credit account continues into a new financial year, exporters must obtain a fresh UIN to claim Interest Subvention benefits for that year.
- Additional claims for earlier months must be filed separately through the DGFT Portal along with the required documentation and auditor certification, where applicable.
Impact on Exporters and Banks
These clarifications simplify the claim process, reduce compliance-related confusion, and help ensure that eligible exporters do not lose out on benefits due to procedural issues. Banks should review pending cases, verify UIN details, and submit eligible claims within the prescribed timelines to ensure smooth processing.
Conclusion
The DGFT Trade Notice 13/2026-27 is a significant update for India’s export ecosystem. By providing clear guidance on UIN generation, claim submission, and financial year-wise compliance, the notification promotes transparency and ease of doing business. Exporters and lending institutions should familiarize themselves with these changes to maximize the benefits available under the Interest Subvention Scheme.
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