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of <h1>DGFT Launches New Online Module for Interest Equalisation Scheme; Exporters Must Apply for Unique ID Starting April 2022.</h1> The Directorate General of Foreign Trade (DGFT) has announced the operationalization of a new online IT module for the Interest Equalisation Scheme (IES) effective from April 1, 2022. This follows the extension of the IES until March 31, 2024, as notified by the Reserve Bank of India. Exporters seeking IES benefits must apply online via the DGFT website to receive a Unique IES Identification Number (UIN), which must be submitted to their bank. A UIN costs Rs. 200 and is valid for one year. Banks will continue their internal processes for benefit issuance, and guidance is available through the DGFT website and helpdesk.
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