Clarifications on Interest Subvention Support for Export Credit under the Export Promotion Mission (EPM)

“Indirect Tax I Indirect Tax Litigation I Customs & FTP I Central Licensing I Arbitration I Advisory”

Dated: 15.07.2026

Clarifications on Interest Subvention Support for Export Credit under the Export Promotion Mission (EPM)

The Government of India has issued important clarifications regarding the implementation of interest subvention support for pre- and post-shipment export credits under the Export Promotion Mission (EPM). These updates, released through Trade Notice No. 13/2026-27, address operational and technical queries raised by lending institutions and exporters, ensuring smoother and more transparent processing of export credit claims.

Background

Interest subvention support is a key initiative under the EPM, designed to make export credit more affordable for Indian exporters. The Directorate General of Foreign Trade (DGFT) has periodically updated the guidelines to streamline the process and address practical challenges faced by banks and exporters. The latest clarifications respond to issues related to claim timelines, UIN (Unique Identification Number) generation, and year-specific claim mapping.

Key Clarifications Issued

1. Submission of Revised/Additional Claims (Jan–Apr 2026)

Banks may submit additional claims for eligible export credits disbursed on or after 2 January 2026, provided the UIN was generated on or before 31 May 2026.
The deadline for such submissions is 31 July 2026.

2. UIN Generation Window for FY 2026-27

The relaxation allowing UIN generation up to 31 May 2026 applies only to eligible export credits disbursed on or after 2 January 2026.
For FY 2026-27 onwards, UINs must be generated within 15 days from the date of original disbursal.

3. Timeline for Claim Submission When UIN Is Generated After Month-End

If export credit is disbursed at the end of a month, exporters have until the 15th of the following month to generate the UIN.
Banks may submit claims within one month from the date of disbursement, ensuring UIN validation before claim finalization.

4. UINs for Pre- and Post-Shipment Credit

Separate UINs are required for pre-shipment and post-shipment export credit facilities.
A single UIN cannot be used for both types of credit; claims must correspond to the relevant facility’s UIN.

5. Year-Specific UIN and Claim Filing for Running Accounts

Claims must be filed against the UIN corresponding to the financial year in which the credit was disbursed.
For running pre-shipment credit accounts spanning multiple years:
- The UIN for FY 2025-26 is valid for claims up to 31 March 2026.
- For interest subvention in FY 2026-27, a fresh/revised UIN is required.
Monthly claims must be cross-mapped to the correct UIN for each financial year.

Example:

Loan disbursed on 15 March 2026 (FY 2025-26), outstanding into FY 2026-27.
Interest subvention for March 2026 is claimed under the FY 2025-26 UIN.
For April–June 2026, a new UIN for FY 2026-27 is needed.

6. Claim Submission for Past Cases Where Subvention Was Not Passed Upfront

For export credits disbursed on or after 2 January 2026 where the UIN was generated later, banks may submit additional claims before 31 July 2026.

7. Filing Mechanism for Past Claims

Additional claims for January–May 2026 must be filed separately through the DGFT online module.
These cannot be clubbed with regular monthly claims for June 2026.
An external auditor’s certificate is required for such additional claims, certifying the eligible period.

Implementation Guidance for Banks and Exporters

Adhere to UIN timelines: Ensure UINs are generated within the prescribed period for each financial year.
File claims promptly: Submit all additional and regular claims within the specified deadlines.
Maintain year-wise mapping: Use the correct UIN for each financial year, especially for running accounts.
Prepare auditor’s certificates: For additional claims, secure the necessary external auditor’s certification.
Use the DGFT portal: All claims must be filed through the official online module, following the updated procedures.

Conclusion

These clarifications aim to simplify the process for banks and exporters, reduce operational ambiguities, and ensure that the benefits of the interest subvention scheme are accessible in a timely and compliant manner. Stakeholders are encouraged to review these guidelines carefully and implement them to maximize the advantages offered under the Export Promotion Mission.

In case you face any issues related to Indirect Tax-Customs, GST, Foreign Trade Policy (FTP), Arbitration matters and Central Licensing and related advisory matters in India then please feel free to get in touch with SJ EXIM Services.

We offer Legal advice and litigation support in matters related to Indirect Tax-Customs, FTP, other Indirect Tax matters & Arbitration law, all sorts of Central licensing and related matters. Come and explore the new way of doing business with us!

Source: DGFT

Disclaimer

Handy Download:

DGFT Trade Notice Download

Connect with us for more-

@ Team S J EXIM SERVICES, New Delhi, IN

CP: Ms. Shubhra Jha, Founder

Tel: +91-11-4999 2707 I +91-9999005693

Web: www.sjexim.services

EMAIL: operations@sjexim.services I shubhra@sjexim.services

Facebook: www.facebook.com/sjeximservices

LinkedIn: https://www.linkedin.com/company/90794255/admin/feed/posts/