Interest Equalisation Scheme with Online Unique Id Must from 1 April
2022
·
A Unique IES
Identification Number (UIN) will get generated automatically which is required
to be submitted to the concerned bank when availing Interest Equalisation against
their pre and post shipment rupee export credit applications
[Trade Notice 38/2021-22
dated 15 March 2022]
Subject: Operationalisation
of new online IT Module for Interest Equalisation
Scheme w.e.f. 01.04.2022.
Attention
of the trade and industry is drawn towards the extension of the Interest Equalisation Scheme (IES) upto
31.3.2024, as notified by RBI vide its circular no.
DOR.STR.REC.93/04.02.00112021-22 dated 08.03.2022. In order to capture granular
data about the beneficiaries of the scheme and its effective monitoring, it has
been decided to operationalise a new online module
for filing of electronic registration for Interest Equalisation
Scheme w.e.f. 01.04.2022.
2. All exporters
seeking benefit under the Interest Equalisation
Scheme need to apply online by navigating to the DGFT website (https:/ I dgft.gov.in) à
Services à Interest
Equalisation Scheme. A Unique IES Identification
Number (UIN) will get generated automatically which is required to be submitted
to the concerned bank when availing Interest Equalisation
against their pre and post shipment rupee export credit applications.
3.
For generating UIN the following steps need to be followed by all concerned
exporters-
i. As a first step, any exporter seeking to
apply under IES, need to register on the DGFT Website (if not already
registered). It may be ensured that applicant's IEC is linked to its online
account, the IEC (ANF-2A) and the Exporter-Importer Profile (ANF-1) is updated
to reflect correct and up-to-date details.
ii. Thereafter, exporter need to login with its
registered credentials à
navigate to Services à Interest
Equalisation Scheme à
Apply for Interest Equalisation Scheme and fill in
the required details. Basic data about the applicant's IEC would get
auto-populated.
iii. An acknowledgement
containing Unique IES Identification Number (UIN) would be auto-generated when
duly completed application is submitted online.
iv. An SMS
and email intimation of the UIN generated will be sent to the registered email account and
mobile number of the exporter.
v. The
user charge for generating a UIN shall be200 and is to be paid online.
vi. After
generation of the UIN no changes will be allowed. In case of any correction I amendment exporter may generate new UIN.
4.
The UIN generated shall have a validity of 1 year from the date of
registration, during which an application for availing benefit of IES can be
submitted to the concerned bank. The auto generated Acknowledgement
containing UIN number need to be submitted to the concerned bank alongwith the prescribed application by the bank, if any,
for availing benefit under IES.
5.
It will be mandatory for exporter to submit UIN acknowledgment to concerned
bank for all applications made on or after 01.04.2022.
6.
Banks will continue to scrutinize and issue benefits as per their own internal
process. The guidelines for the bank for validation of submission made by the
exporter are being issued separately through RBI.
7.
For any help and guidance on this new process, the Help Manual & FAQs may
be accessed on DGFT Website (https://dgft.gov.in) à
Learn
à
Application
Help & FAQs.
For any further assistance, any of the following channels may be accessed-
i. Raise a service request ticket through DGFT
Helpdesk service under Services à
'DGFT
Helpdesk Service'.
ii. Call the DGFT
Toll-free-Helpline number.
iii. Send an email
to the Helpdesk on dgftedi@gov.in
8.
This issues with the approval of the Competent Authority.
(Issued
from File: 0119411801347IAM201PC-4)