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March 13, 2020
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Remission of duties and taxes restores competitiveness by reimbursing non refunded export levies through transferable electronic credits.
Cabinet approved RoDTEP to reimburse non refunded central, state and local taxes, duties and levies incident to manufacture and distribution of exported products, with rates and eligible items to be set by an inter ministerial Committee. Refunds will be issued as transferable duty credit/electronic scrip in an electronic ledger, implemented with end to end digitization. Items will be phased from MEIS to RoDTEP when rates are notified; the rebate is claimable as a percentage of FOB value. An IT based Risk Management System and audit mechanism will verify exporter records.
March 12, 2020
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Port governance reform grants major ports board-led autonomy over tariffs, planning, PPPs and master plan authority.
The Major Port Authorities Bill establishes a modernized governance regime vesting administration and management in Boards of Major Port Authorities, reduces legislative overlap, and recasts Board composition into a smaller professional body. It grants port authorities powers to set reference tariffs and Board authority to fix scales of rates while redefining the Tariff Authority's role; enables PPP operators to set market-based tariffs; proposes an Adjudicatory Board for port-concessionaire disputes and stressed project review; delegates contracting, planning and development powers to Boards; secures master plan autonomy for port land; and introduces CSR and employee service safeguards.
March 12, 2020
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Government partnership funding for textile investment enables Eri silk processing centre and sanctioned mills under regional promotion scheme.
Government partnership funding is facilitating private investment in Assam's Eri silk production and export. An organic export-oriented company plans an Eri silk processing centre in collaboration with central funding and local stakeholders. The central government has approved two Eri spun silk mills under the North Eastern Region Textile Promotion Scheme, complementing existing jute-mill infrastructure and supporting regional textile industry promotion.
March 12, 2020
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Capital Investment Subsidy under ATUFS incentivises textile modernization with tiered sectoral rates and employment-linked additional support.
ATUFS operates as a credit-linked Capital Investment Subsidy scheme entitling every eligible individual entity (not the unit) to reimbursement of CIS under sector-specific rates and ceilings; prior subsidies are offset against the overall entitlement. SPELSGU under ATUFS provides an additional employment-linked incentive to qualifying garmenting and made-ups units on meeting projected employment. A National Technical Textiles Mission funds R&D and development of machinery and test-equipment to strengthen indigenous manufacturing of technical textiles machinery.
March 12, 2020
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Anti-dumping duty on certain raw silk imports to protect domestic sericulture and stabilize the silk value chain.
Central government operates the integrated Silk Samagra scheme to scale up domestic silk production and improve quality and productivity through four components: Research & Development and training; Seed Organizations; Coordination and Market Development; and Quality Certification Systems and export brand promotion. The scheme, implemented since 2017-18 with recorded budgetary allocations and state wise fund distribution, is supplemented by R&D, establishment of Automatic Reeling Machines, convergence funding for infrastructure, and trade measures including basic customs duty and anti dumping duty on certain imports to protect domestic producers.
March 12, 2020
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Textile policy reform to coordinate sector development, modernisation incentives and integrated textile park infrastructure support.
Formulation of a New Textile Policy is announced to coordinate development across fibres and production segments, solicit stakeholder inputs on technology, infrastructure and human resource development, and address sectoral problems such as technological obsolescence, high input costs, poor credit access and fragmented units. The Government's support architecture comprises targeted schemes-including the Amended Technology Up-gradation Fund Scheme, knitting and knitwear development, sectoral packages for handloom, handicrafts, powerloom, silk and jute-and the Scheme for Integrated Textile Park which subsidizes infrastructure creation and lists sanctioned parks across states.
March 12, 2020
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Combination approval under competition law enables setting up of a REIT and acquisition of target equity by the acquirer.
CCI approved the proposed combination allowing Mindspace Business Parks REIT, a contributory irrevocable trust formed to operate as a REIT under the REIT regulatory framework, to acquire certain equity holdings of selling shareholders in specified special purpose vehicle target entities that hold ten commercial real estate projects; the approval was granted under the Competition Act's merger control provisions and a detailed order will follow.
March 11, 2020
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Export incentive policy expands transferable duty credit scrips and targeted schemes to lower input and logistics costs for exporters.
Government export promotion policy refunds duties and taxes on inputs, reduces cost disability through incentives, and improves ease of doing business to enhance competitiveness. The Foreign Trade Policy 2015-20 introduced MEIS and SEIS with transferable duty credit scrips and increased incentives for labour intensive and MSME sectors; complementary measures include online IEC issuance, a Logistics Division, interest equalisation on rupee export credit, and targeted schemes TIES, Agriculture Export Policy, and TMA to address infrastructure, sectoral support, and transport cost disadvantages.
March 11, 2020
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Exchange rate adjustment updates official currency conversion for customs valuation, affecting import and export duty computation.
Amendment to the customs exchange rate schedule substitutes the Schedule II entry for Japanese Yen, revising the official rate of exchange to be applied separately for imported and exported goods, effective from the stated date, thereby changing rupee-equivalent valuation for customs assessment.
March 5, 2020
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Export branding strategy supports exporters through IBEF campaigns and MAI-backed participation without prescribed earning targets.
Export branding promotes Indian goods internationally through targeted campaigns-venues, advertising, media interaction, digital marketing and branded materials-reviewed with stakeholders. Exporter participation in international fairs and expos is planned annually based on proposals from Export Promotion Councils and Trade Promotion Organizations and supported under the Market Access Initiative (MAI) Scheme; the scheme does not fix earnings targets for such events.
March 5, 2020
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Free Trade Agreements expand SME export access through tariff concessions and targeted export-promotion measures.
Free Trade Agreements provide tariff concessions expanding market access for SMEs in sectors such as garments, leather, processed foods and engineering components. Complementary measures under the Foreign Trade Policy include export-promotion schemes (exhibitions, packaging training, Market Development Assistance, National Award), Interest Equalization on export credit, MEIS and SEIS, double weightage for SME export entitlements, electronic filing and an online platform for preferential certificates of origin, supported by a logistics division and infrastructure schemes like TIES and TMA.
March 3, 2020
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Export restrictions on specified pharmaceutical APIs and formulations take immediate effect, limiting outbound shipments nationwide.
Amendment imposes export restrictions on specified Active Pharmaceutical Ingredients (APIs) and formulations derived from them, effective immediately until further orders, covering Paracetamol; Tinidazole; Metronidazole; Acyclovir; Vitamin B1; Vitamin B6; Vitamin B12; Progesterone; Chloramphenicol; Erythromycin Salts; Neomycin; Clindamycin Salts; and Ornidazole, thereby constraining exports of both bulk APIs and formulations.
March 3, 2020
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Export liberalisation of onions permits shipments without letter of credit or minimum export price, advancing farmers' income.
The Government reclassified onions from the prohibited to the free category under foreign trade policy, effective 15 March 2020, and the Directorate General of Foreign Trade notified that all onion varieties may be exported without requirements for Letters of Credit or a Minimum Export Price.
February 29, 2020
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Transit customs station designation and cross border rail survey advance to strengthen trade facilitation and enterprise links.
Commitments were made to deepen India-Bhutan economic cooperation through concrete procedural and institutional measures: a survey was commissioned for a Mujnai-Nyoenpaling cross border rail link; discussions with Bhutan's State Mining Corporation to finalise an MOU for export of railway ballast were scheduled; designation of new transit customs stations and consideration of making Nagarkatta a permanent land customs station were discussed. Concurrently, capacity building commitments include CII mentoring of Bhutanese start ups, Indian sponsored training programmes for Bhutanese trainers and entrepreneurs, and a feasibility study for an Entrepreneurship Development Institute in Bhutan.
February 28, 2020
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Project Monitoring Group oversight directs expedited clearance and prioritisation of large infrastructure projects to unlock stalled investments.
Project Monitoring Group (PMG) oversight expedites resolution of regulatory bottlenecks and fast-tracks large public, private and PPP infrastructure projects by identifying unresolved issues, assigning timelines, directing inter-ministerial and state action, prioritising projects with state-supported land acquisition, encouraging use of letters of credit for working capital, expanding transmission infrastructure for power-deficit areas, and promoting technology-driven environmental mitigation such as tree transplantation.
February 26, 2020
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National Technical Textiles Mission to strengthen research, market development and skills, boosting domestic industry and exports.
Approval establishes the National Technical Textiles Mission as a four year, centrally coordinated programme with four components: Research, Innovation and Development to fund pooled fundamental and application oriented research across national laboratories and reputed institutions; Promotion and Market Development to increase domestic penetration and attract investment; Export Promotion via an Export Promotion Council; and Education, Training and Skill Development to create higher education programmes and a skilled workforce, alongside sub components for biodegradable materials, sustainable disposal and indigenous machinery development.
February 20, 2020
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Exchange rate determination for customs conversion sets distinct import and export currency rates effective from the notified date.
Determination of exchange rates for customs conversion: the notification, exercising statutory authority, prescribes specified rupee equivalents for listed foreign currencies with distinct rates for imported and exported goods across two annexed schedules (per-unit and per-hundred-unit listings). These rates apply for customs conversion purposes from the stated effective date and supersede the earlier notification, without affecting actions already taken under the superseded notification.
February 19, 2020
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Farmer Producer Organization formation under a central scheme to build collective scale, credit support, and specialised cluster promotion.
Approval of the central scheme Formation and Promotion of Farmer Producer Organizations (FPOs) to form and promote ten thousand FPOs with five year handholding; use of implementing agencies and Cluster Based Business Organizations providing specialist support; establishment of a National Project Management Agency for oversight; priority for aspirational districts and One District One Product clusters; Equity Grant and professional training for FPO management; and creation of Credit Guarantee Funds and concessional loan avenues to accelerate institutional credit and infrastructure support for FPO marketing.
February 18, 2020
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SEZ exports milestone achieved as services led growth drives export expansion and operational SEZs increase nationwide.
SEZ exports reached a USD 100 billion milestone as of 17 February 2020, led by strong services (primarily IT/ITeS) growth and modest merchandise expansion. The number of operational SEZs rose to 241. Key sectors with healthy growth included Gems & Jewelry, Trading & Logistics, Leather & Footwear, Non Conventional Energy, and Textiles & Garments, while petrochemicals remained a major but slower growing segment.
February 17, 2020
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Performance-based incentives to states to boost agricultural exports and import substitution, with expert group proposing reforms.
The Finance Commission constituted a High Level Expert Group on Agriculture Exports to assess export and import substitution opportunities across agricultural commodities and to recommend ways to sustainably step up exports. It must propose strategies to increase productivity, enable higher value addition, reduce waste, strengthen logistics, identify impediments to private investment along the value chain and suggest reforms, and recommend performance-based incentives for state governments for 2021-22 to 2025-26; the Group may seek external assistance and will report within three months.

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