New UIN Must for
Each Bank for Disbursement of Interest Equalisation
• An Acknowledgement consisting of UIN, valid
for a financial year shall be unique to a specific bank. If a scheme
beneficiary desires to take advantage of the benefits of the scheme from
multiple banks, a new UIN must be provided for each bank.
[DGFT Trade Notice No.
04/2023-24 dated 21.04.2023]
Subject:
Amendment under Interest Equalisation Scheme in
respect of UIN.
Attention
of Trade and Industry is drawn towards Trade Notice no. 03/2023-24 dated 20.04.2023,
wherein the eligible Interest Equalisation
beneficiaries w.e.f 01.05.2023 were required to
submit an Acknowledgement consisting of UIN which would be associated with a
particular bank only for a ONE-TIME disbursement, also applicable where the
credit is rolled over.
2. The
amendments stated under the above-mentioned Trade Notice are deferred in view
of the operational challenges expressed by the beneficiaries of the scheme and
the banks. The revised guidelines are as follows:
• An Acknowledgement consisting of UIN, valid
for a financial year shall be unique to a specific bank. If a scheme
beneficiary desires to take advantage of the benefits of the scheme from
multiple banks, a new UIN must be provided for each bank.
3. This issues with the approval of the Competent Authority.
(Issued from File No.
01/94/180/094/AM22/PC-4)