https://www.taxtmi.com/circulars?id=69123 Amendments clarify that export credit compliant with the Reserve Bank of India's consolidated directions qualifies for interest subvention under NIRYAT PROTSAHAN, which applies to the interest cost for eligible MSME exporters. Revised subvention rates apply only to facilities sanctioned on or after notification; subvention is ineligible for deemed exports and for accounts turning non performing before the export cycle completes. Banks must submit IEC wise monthly online claims within fifteen days, reimbursements are monthly and limited to verified claims, and exporters are responsible for ensuring aggregate claims do not exceed the annual ceiling. en-us Fri, 16 Jan 2026 00:00:00 +0530 Fri, 16 Jan 2026 18:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=69123 Amendments clarify that export credit compliant with the Reserve Bank of India's consolidated directions qualifies for interest subvention under NIRYAT PROTSAHAN, which applies to the interest cost for eligible MSME exporters. Revised subvention rates apply only to facilities sanctioned on or after notification; subvention is ineligible for deemed exports and for accounts turning non performing before the export cycle completes. Banks must submit IEC wise monthly online claims within fifteen days, reimbursements are monthly and limited to verified claims, and exporters are responsible for ensuring aggregate claims do not exceed the annual ceiling. Circulars DGFT Fri, 16 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/circulars?id=69123