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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
revised/additional claims for January
2026 – March 2026 and April 2026
Trade Notice No. 03/2026-27 does not set
out the procedure for submission of claims
for January 2026-April 2026, for which
claims have already been submitted.
The bank requests the procedure for
submitting revised/additional claims as per
the
revised
guidelines,
noting
that
exporters can generate UIN for FY 2025-
26 up to 31.05.2026.
Banks may submit additional claims
for eligible cases covered under Trade
Notice
No.
03/2026-27
before
31.07.2026 for:
(a) export credit disbursed on or after
02.01.2026; and
(b) UIN is generated on or before
31.05.2026.
2
2 Extension of UIN generation window to
31.05.2026
for
FY
2026-27
disbursements in April 2026
Since Trade Notice No. 03/2026-27 was
issued on 13.05.2026, the bank requests
extension of time till 31.05.2026 for
exporters to generate UIN for FY 2026-27
so that all pre-shipment credit (PC)/bills
disbursed in April 2026 may avail interest
subvention benefit.
The
relaxation
permitting
UIN
generation
up
to
31.05.2026
is
applicable only for eligible export credit
disbursed during FY 2025-26 on or
after 02.01.2026, in accordance with
Trade Notice No. 03/2026-27.
This relaxation does not extend to
disbursements made in FY 2026-27.
For FY 2026-27 onwards, the prescribed
provision of generation of UIN within 15
days from the date of original disbursal
shall apply.
3 Timeline for submission of claims in
the
DGFT
portal
where
UIN
is
generated within 15 days from end-of-
month disbursals
For
FY
2026-27
onwards,
a
UIN
generated within 15 days from the date of
original disbursal is treated as valid.
In cases where Credit/Bills are disbursed
on the last day of a month, the exporter
has time until the 15th of the subsequent
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.
In cases where eligible export credit is
disbursed towards the end of a month
and UIN generation is permissible within
15 days from the date of disbursal,
banks may submit claims before the last
date of the month subsequent to month
of disbursal.
Hence, effectively the time limit for
filing claim shall be one month from
the date of disbursement
4 Whether separate UINs are required for
pre-shipment and post-shipment credit
facilities, or a single UIN can cover
both
Exporters are able to generate separate
UINs for both pre-shipment and post-
shipment credit facilities.
The bank seeks clarification whether,
where both facilities have been availed,
the exporter is required to generate and
use separate UINs for each, or whether
A single UIN shall not be used for
both pre-shipment and post-shipment
benefits.
Where separate UINs are generated for
pre-shipment and post-shipment export
credit facilities, the respective UIN
corresponding to the relevant facility
shall be used for claiming interest
subvention benefits under that facility.
3
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
filing for running pre-shipment credit
accounts spanning multiple financial
years
With reference to point (d) of Trade Notice
No. 03/2026-27 dated 13.05.2026, which
provides that "the banks shall also ensure
the claim being filed in respect of a UIN is
specific to the year in which the disbursal
of credit was/is made", clarification is
sought
on
the
applicability
of
this
requirement in the case of running
account
pre-shipment
credit
facilities
where interest is charged on a monthly
basis.
Example: A pre-shipment export credit
facility is disbursed on 15.03.2026, with a
due date of 10.06.2026.
Interest is charged to the exporter in
March 2026, April 2026, May 2026, and
June 2026. The bank seeks guidance on
whether interest subvention claims with
the UIN generated in FY 2025-26 can be
filed in FY 2026-27 (covering April 2026,
May 2026, and June 2026), or whether a
fresh UIN for FY 2026-27 is required,
given that interest is debited month-wise
in the running account.
Requirement of revised/fresh UIN for
outstanding export credit continuing
into subsequent financial year
Clarification is sought on whether banks
may
continue
to
extend
interest
subvention benefits during FY 2026-27 for
export credit loans disbursed between
03.01.2026 and 31.03.2026 based on the
The requirement under point (d) of
Trade Notice No. 03/2026-27 that the
claim filed in respect of a UIN must
be specific to the year in which the
disbursal of credit was/is made and is
to be read in conjunction with the overall
scheme
parameters,
including
the
provisions for running/revolving pre-
shipment credit facilities.
In the case of a running pre-shipment
credit
account
where
the
original
disbursal is made in FY 2025-26 (e.g.,
15.03.2026) and the credit remains
outstanding into FY 2026-27 (with
interest continuing to accrue monthly),
the
year-specific
UIN
requirement
operates as follows:
(a) The FY 2025-26 UIN shall be valid
for claiming interest subvention for the
period falling within FY 2025-26, i.e.,
up to 31.03.2026.
Interest subvention shall be admissible
from the date of loan disbursal
(15.03.2026 in the example) and not
merely
from
the
date
of
UIN
generation.
(b) Where the export credit remains
outstanding beyond 31.03.2026 and
interest subvention is sought for the
period falling in FY 2026-27 (i.e., April
2026, May 2026, and June 2026 in the
example), a fresh/revised UIN for FY
2026-27
shall
be
required
in
accordance
with
the
applicable
provisions
and
yearly
monitoring
framework under the scheme.
4
UIN certificate that was valid at the time of
disbursal,
or
whether
exporters
are
required to obtain a revised/fresh UIN for
availing interest subvention benefits on
outstanding
loans
continuing
beyond
31.03.2026.
Illustrative Example:
Loan Disbursed on – 20.02.2026
Maturity Date – 30.06.2026
UIN Validity (as on disbursal) – up to
31.03.2026
Status of Loan (as on 30.04.2026) –
Outstanding
UIN Status – Expired as on 31.03.2026
Validity
of
FY
2025-26
UIN
for
disbursements
continuing
beyond
31.03.2026
A UIN obtained on 02.01.2026 was valid
for disbursements done on or after
02.01.2026
with
an
expiry
date
of
31.03.2026. Clarification is requested on
whether disbursements done on or after
02.01.2026 and continuing even after
31.03.2026 shall be reckoned under the
same UIN issued for FY 2025-26 while
submitting claims online in the DGFT
portal.
(c) Banks shall ensure that claims are
filed against the UIN corresponding
to the relevant financial year for
which the interest subvention benefit
is being claimed.
The relaxation under Trade Notice No.
03/2026-27 regarding timing of UIN
generation and admissibility of claims
does not modify this year-specific
UIN and claim-mapping requirement.
This position is consistent with the year-
specific
UIN
and
claim-mapping
framework under the scheme and with
point (d) of Trade Notice No. 03/2026-
27.
The UIN reflects the financial year of
disbursal; subvention accruing in a
subsequent financial year requires a
corresponding UIN for that year.
Banks shall ensure that monthly interest
subvention claims are filed against the
UIN for the financial year in which the
interest subvention is granted, and are
not cross-mapped against UINs of a
different financial year.
6 Claim
submission
process
where
subvention benefit was not passed
upfront
The IES claim submission process for
cases where the subvention benefit was
not passed upfront due to the absence of
a UIN at the time of disbursement is not
clearly defined in the Trade Notice.
Clarification is requested on the process.
Trade Notice No. 03/2026-27 permits a
relaxation where export credit was
disbursed on or after 02.01.2026 and
the UIN is generated subsequently (on
or before 31.05.2026).
For such past cases where subvention
was not passed upfront, banks may
submit
additional
claims
before
31.07.2026 in the online module.
7 Filing mechanism for past cases and
alignment with regular June 2026
Where additional claims pertain to past
periods (January 2026 to May 2026),
such
claims
shall
be
submitted
5
claims
Whether claims for past cases are
required to be filed separately with a
separate external auditor’s certificate, or
can be included along with the regular
claim for June 2026.
separately through the online DGFT
module and shall not be clubbed with
or included in the regular monthly
claim submission for June 2026.
The
requirement
for
an
external
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]
Digitally signed
by A.G.
SUBRAMANIAN
Date: 2026.07.14
18:27:22 +05'30'
