The Production-Linked Incentive (PLI) scheme for auto components entered a critical compliance phase in May 2026 when the Department for Promotion of Industry and Internal Trade (DPIIT) issued clarifications on FY2025–26 claim documentation requirements. Engineering and auto-component manufacturers participating in PLI Phase 2 face a 30 June 2026 deadline to submit audited financial statements, import certificates, and sales invoices to support incentive claims.
With over ₹8,500 crore in PLI allocations pending across the automotive ecosystem, missing this window could defer payouts into FY2027 and trigger compliance flags.
Market signals
DPIIT issued a May 2026 circular requiring all PLI claimants to furnish Chartered Accountant–audited statements certifying production capacity utilization, export ratios, and local value addition. Self-certification is no longer accepted.
June amendments to PLI guidelines mandate itemized import certificates from customs authorities linked to final product invoices, closing loopholes on component sourcing and value-addition calculations.
All PLI claims filed after 1 July 2026 must use the newly launched DPIIT portal; paper submissions will no longer be processed, forcing immediate digital adoption.
This deadline is a hard gate—missed submissions reset eligibility for the subsequent financial year and trigger audit notices under the Scheme Guidelines. The auditor certification requirement shifts accountability to external accountants, making your internal finance and compliance structure a liability if it cannot support auditor sign-off. Vinayakam Consultants has already guided 120+ auto-component SMEs through PLI claim structuring and auditor alignment; we help you map production batches to export invoices, reconcile landed costs with GST ITC claims, and prepare audit-ready documentation within the 25-day window before 30 June.
Your action checklist
- Engage a statutory auditor by 10 June 2026 and brief them on PLI reporting standards (capacity, LVA %, export ratios) to avoid last-minute rejections.
- Pull and reconcile all customs import certificates (Bill of Entry), vendor invoices, and production logs for FY25–26 to support audited statements.
- Cross-check DGFT IEC-linked export invoices against Customs EDI data; correct any date or quantity mismatches before auditor sign-off.
- Conduct internal pre-audit (dry-run) by 20 June 2026 and test-upload documentation on the new DPIIT portal to flag system errors early.
Frequently asked questions
Engineering and auto-component manufacturers must submit audited financial statements, import certificates, and sales invoices by 30 June 2026 to secure PLI incentives under Phase 2 rules.
Yes, DPIIT's May 2026 circular makes Chartered Accountant-audited statements non-negotiable. Self-certification is no longer accepted; auditors must certify production capacity, export ratios, and local value addition.
Missed submissions reset eligibility for the subsequent financial year, defer payouts into FY2027, and trigger audit notices under the Scheme Guidelines.