Export Credit Support expanded through government capital infusion to bolster ECGC capacity and address outstanding export financing risks.
Reserve Bank of India data show substantial accumulated outstanding export invoice amounts by ageing categories on financial institution books, and ECGC's claim settlement records document significant payouts to banks under Export Credit Insurance Cover for Banks from 2016-17 to 2020-21 and Apr-Sept 2021-22. The government approved a multi year capital infusion into ECGC to increase its underwriting and payout capacity to support additional export transactions over the five year period, as disclosed in a parliamentary written reply.

Special Economic Zones approvals for agro and food processing expand notified and operational zones; Maharashtra currently has no SEZ.
Approval of eight Special Economic Zones for the Agro and Food Processing sector includes seven notified SEZs and three operational SEZs with identified developers and locations; Maharashtra has no such SEZ. The release presents state-wise revenue figures for SEZ food and agro units across two years and the current year-to-date and confirms that SEZ units are complying with mandated safety standards under the relevant Act and Rules, as reported by the Minister of State in a written parliamentary reply.

Logistics infrastructure upgrades drive cost reduction in northeast through multimodal projects and targeted transport concessions.
The Government is implementing multimodal infrastructure and policy measures to reduce logistics costs in the North Eastern Region, including highway and bridge construction, Multi Modal Logistic Parks, increased rail infrastructure funding with concessional transport for region linked traffic, expanded inland waterway terminals and routes, deployment of port and land port technologies, and targeted export freight assistance; the Ministry conducts surveys and stakeholder consultations but has not undertaken a specific economic study to quantify benefits from reduced logistics costs in the Region.

Rules of origin enforcement strengthened by importer due diligence requirement to deter misuse of trade agreements and rerouting.
Concerns about re routing of goods through partner countries led to the Customs (Administration of Rules of Origin under Trade Agreements) Rules, 2020 (CAROTAR, 2020), which supplement FTA procedures by requiring importers to conduct due diligence that goods meet prescribed rules of origin and introduce provisions to deter misuse; an FTA monitoring committee with government and industry representation was also constituted to identify misuse and recommend action.

Production linked incentive schemes to boost manufacturing investment and export competitiveness across approved priority sectors.
The document explains the government's Production Linked Incentive (PLI) schemes designed to boost domestic manufacturing and exports by incentivising investment across approved priority sectors, implemented by the relevant Ministries/Departments through targeted investor promotion, with sector selection requiring policy-body recommendation and Cabinet approval and no present proposal to expand beyond the designated sectors.

Accommodative monetary stance preserved; policy rate held unchanged to support recovery while monitoring inflation and supply pressures.
The Monetary Policy Committee kept the policy repo and related LAF rates unchanged and decided to continue an accommodative stance to revive and sustain growth while ensuring CPI inflation remains within the medium term target band; the statement outlines global and domestic assessments, projected paths for GDP growth and CPI inflation, monitoring of core inflation and supply pressures, and records the voting-unanimous to hold rates and a majority to continue the accommodative stance with one reservation.

Capacity building in international trade law: MoU creates joint research, exchanges and internships to strengthen trade policy capacity.
Tripartite Memorandum of Understanding establishes collaborative capacity building and research arrangements in international trade and investment law between the Permanent Mission of India to the WTO, CTIL and CTEI, with the PMI in a facilitative role; the MoU provides for exchange of faculty and staff for study, research and teaching, an internship programme for CTEI students at CTIL, joint research projects, conferences, workshops, and submissions to CTIL/CTEI TradeLab to support India's trade policy formulation.

Inflation control measures: fuel duty cuts, commodity stock limits and food-supply schemes to stabilise essential commodity prices.
Government measures include reduction of central excise on petrol and diesel and state VAT reductions to moderate retail fuel prices; continuous monitoring and corrective action for essential commodities; for pulses, maintenance and deployment of buffer stock, imposition of stock limits to prevent hoarding, temporary import liberalisation, duty adjustments and import MoUs; for edible oils, import duty rationalisation, temporary stock limits and a national mission to boost domestic oil palm production; and welfare measures comprising extension of a free foodgrain scheme, targeted pandemic food allocations and nationwide ration card portability via ePoS.

Customs duty evasion: Pakistan-origin cosmetics seized after mis-declared courier imports, investigation into ghost consignees network
Seizure of courier imports uncovered mis-declared Pakistan-origin cosmetics routed via an intermediary jurisdiction and falsely described to evade customs duties and IGST; imported goods of Pakistan origin attract a 200% Basic Customs Duty. Multiple unique consignee names and addresses were used while the consignments contained similar goods, indicative of a ghost-recipient scheme, and the matter is under investigation to identify the actual evader.

Anti-smuggling enforcement strengthened through regional customs meeting and release of new Smuggling in India Report.
The Directorate of Revenue Intelligence is convening a Regional Customs Enforcement Meeting with Asia Pacific customs administrations and international agencies to strengthen anti-smuggling enforcement and cooperation, and is issuing the Smuggling in India Report 2020-2021 summarising operational performance and thematic findings on smuggling, trade based money laundering, narcotics, import/export frauds, environmental violations, and international cooperation.

Share of exports in GDP rises, signalling stronger export performance and a rebound in recent economic activity.
Data show the share of exports in GDP increased from 18.4% in 2019-20 to 18.7% in 2020-21 and to 21.7% in April-September 2021 over 19.4% in the prior comparable half-year, with rupee-denominated values and Revised and Provisional Estimates supplied by the National Accounts Division to support assessment of export performance within national accounts.

Agriculture Export Policy and facilitation measures boost agri-exports through cluster plans, export forums and trade support mechanisms.
India's agricultural exports showed a last-year peak in growth and GDP share among major commodity groups, with several products exceeding significant export thresholds. The government instituted a comprehensive Agriculture Export Policy supported by state action plans, monitoring committees, nodal agencies and 46 product-district clusters. Complementary measures include APEDA-led Export Promotion Forums, Agri-Cells in missions abroad, mandatory testing for certain exports, a Farmer Connect Portal, export-support schemes (TIES, MAI, commodity boards), Transport and Marketing Assistance for specified products, and a Common Digital Platform for Certificate of Origin to facilitate trade.

Exchange rate determination sets customs conversion rates for specified foreign currencies, establishing import and export valuation standards.
Determination under the Customs Act prescribes exchange rates for conversion between specified foreign currencies and Indian rupees for customs purposes, superseding the prior notification and requiring that the rates in the annexed schedules be applied as the operative conversion factors, with separate rates for imported and exported goods and per 100 unit rates where indicated.

Credit risk cover expansion: government approved grant funding to bolster NEIA Trust support for high-value project exports.
The Government approved a multi-year grant-in-aid infusion into the National Export Insurance Account Trust for 2021-22 to 2025-26 to expand availability of credit risk cover for high-value and project exports. NEIA supplements ECGC by underwriting or co-insuring risks that ECGC cannot cover due to capacity constraints or differing terms, with the aim of enhancing competitiveness of Indian project exporters abroad.

Exporter dues clearance restores liquidity for exporters, subject to scheme-specific eligibility and approval procedures.
The Government disbursed funds to clear pending export incentive dues across multiple schemes-MEIS, SEIS, RoSCTL, RoSL, RoDTEP and legacy programmes-primarily benefitting MSMEs, contingent on meeting eligibility criteria. Application processing varies by scheme: some online applications receive system approval, while others require manual scrutiny and documentary examination, which affects timelines and state-wise reporting of dues. Complementary policy measures and facilitation initiatives are deployed to stabilise and boost exports.

Misdeclaration and seizure of high-end mobile phones uncovered, exposing import fraud and significant customs revenue implications.
Officers of the Directorate of Revenue Intelligence intercepted two air cargo consignments declared as "memory cards" and, upon physical examination at the Air Cargo Complex, discovered 3,646 high-end mobile phones and one smart watch; the undeclared goods were seized under seizure and forfeiture provisions of the Customs Act following developed intelligence and cargo inspection.

Illicit export of foreign currency flagged as smuggling, resulting in seizure under customs law and ongoing investigation.
Directorate of Revenue Intelligence intercepted two passengers concealing large quantities of foreign currency in false bottoms of carry-on luggage; the passengers had no export-authorising documents and the currency was seized under customs seizure provisions with investigations ongoing, following targeted data-analytics intelligence developed under an operational initiative.

Presidential Award of Appreciation recognises CBIC officers' distinguished service and proposes a one time Corona Response Award.
Conferment of Presidential Award of Appreciation to 26 CBIC officers recognises sustained exemplary service across enforcement, revenue administration and automation; recipients from multiple cadres were selected for demonstrated performance in prevention of smuggling, detection of tax evasion, trade based money laundering, foreign exchange violations, tax policy contribution, revenue mobilisation, automation and training. The announcement also proposed a one time Corona Response Award for Customs' pandemic efforts and administrative support including provision of laptops/tablets to Group B officers to enhance productivity.

Export support measures bolster exporters through credit guarantees, production-linked incentives and enhanced export credit classification.
Export expansion is being advanced through the Production Linked Incentive Scheme to boost manufacturing and exports, continued access to working capital via the Emergency Credit Line Guarantee Scheme, and regulatory measures including raising the export credit threshold for priority sector classification to mobilise additional concessional funding and banking support for exporters.

Production linked incentive scheme to boost white goods manufacturing, fast track approvals and consider phased manufacturing for air conditioners.
DPIIT will consider a Phased Manufacturing Programme for air conditioners and use the Production-Linked Incentive scheme to incentivise manufacture of components and sub assemblies for ACs and LED lights, while fast tracking central and state approvals, accelerating the National Single Window Clearance System and processing of FDI under Press Note 3; applications were evaluated with provisional selections made, some FDI proposals asked for specific approvals, and certain applicants referred to a Committee of Experts.