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August 18, 2026
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Export-import operations advance through operational preparedness review and planned port-led industrial and logistics development initiatives.
Operational preparedness for full land-based export-import operations at Vizhinjam Seaport was reviewed, including the Vehicle Traffic Management System. EXIM cargo operations follow a trial shipment of the port's first export container to Valencia. Mission Samudra is proposed to support port-led industrial and logistics development alongside these operations. The deep-water port was developed through a public-private partnership model and had obtained commercial commissioning certification before its dedication to the nation.
August 18, 2026
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Industrial corridor development prioritises empowered SPVs, integrated infrastructure and investor-ready parks to accelerate manufacturing investment and operations.
National Industrial Corridor Development Programme implementation prioritises timely infrastructure completion, land allotment, investment mobilisation and commencement of manufacturing. PM GatiShakti-aligned planning requires integrated connectivity, utilities and social infrastructure, while States should resolve land, clearance and SPV-power bottlenecks. BHAVYA proposes investment-ready, plug-and-play industrial parks appraised for ready land, credible demand, connectivity, utilities, realistic phasing and early investor attraction. NICDIT routes Government participation and equity support for BHAVYA project SPVs, and NICDC coordinates implementation and monitoring.
August 17, 2026
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RERA compliance exemption for stalled housing projects raises whether statutory obligations may be waived to enable phased project completion.
RERA compliance exemption is sought for completion of 16 stalled residential projects by a public sector construction entity appointed under a project-completion arrangement. The appellate insolvency tribunal declined to direct a waiver, considering itself incompetent to exempt compliance with statutory provisions. The arrangement requires phased completion, award and commencement of construction work, and oversight through an apex committee and project-wise committees. The projects remain incomplete owing to the developer's financial crisis.
August 17, 2026
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Deposit mobilisation and youth banking guide strategies for stronger public financial institutions, investment financing and Global Capability Centre opportunities.
PSB Confluence 2026 considers strategic priorities for Public Sector Banks and Public Financial Institutions across deposit mobilisation, banking for youth, investment-cycle financing and Global Capability Centres. Discussions seek practical, scalable strategies to strengthen customer engagement, youth-responsive banking propositions, institutional financing capabilities and participation in the expanding Global Capability Centre ecosystem. Youth engagement may use the MY Bharat platform to strengthen links with the formal financial system and awareness of education finance, entrepreneurship, internships and financial-sector careers. Further themes include value-chain infrastructure, priority sector lending and credit card business reform.
August 17, 2026
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Banking-sector reform will guide lender capacity, financial stability, inclusion, consumer protection, deposit growth and responsible credit-card expansion.
Banking-sector reform is proposed through a high-level committee on Banking for Viksit Bharat to review the sector and align it with growth needs while safeguarding financial stability, financial inclusion and consumer protection. Key themes include deposit mobilisation, youth banking, investment support, global capability centres, value-chain infrastructure, credit cards and priority-sector lending. Public-sector banks are expected to improve competitiveness through technology, sectoral expertise, product adaptation and customer-focused deposit growth. Credit-card development must maintain responsible underwriting, customer protection and appropriate risk controls.
August 17, 2026
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FCNR(B) concessional swap facility availability narrows to timely mobilised deposits amid rupee depreciation and foreign currency inflow concerns.
Foreign-exchange conditions reflected rupee depreciation amid weak domestic equity markets and higher crude oil prices. FCNR(B) concessional swap facility availability is confined to foreign currency deposits mobilised by banks within the revised cut-off period, replacing the previously longer mobilisation window. The facility is intended to encourage foreign currency inflows, while banks use the FCNR(B) scheme to mobilise foreign currency deposits through attractive interest rates.
August 17, 2026
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Banking sector review panel will align future growth with financial stability, inclusion and consumer protection through government recommendations.
High Level Committee on Banking for Viksit Bharat is proposed to comprehensively review the banking sector and align it with India's next phase of growth. It is intended to safeguard financial stability, financial inclusion and consumer protection, while providing views and recommendations to the Government on banking-sector development and reform.
August 17, 2026
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Prime Minister Internship Scheme enhances youth employability through paid industry exposure, cross-field learning, workplace readiness and potential full-time employment.
The Prime Minister Internship Scheme provides paid internships with leading companies across India to improve youth employability through practical workplace exposure, industry experience and skills development. It addresses the gap between classroom learning and employers' expectations of workplace readiness. Participation is not confined to academic qualifications, allowing youth to pursue fields of interest and gain hands-on professional learning. Strong internship performance may lead to full-time roles, while the scheme stresses responsible work where errors may affect quality, consumer safety and organisational reputation.
August 17, 2026
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SAFTA origin fraud in areca imports allegedly enabled improper duty exemption through false Bangladeshi-origin declarations.
SAFTA preferential duty treatment for areca-nut imports was allegedly misused by falsely declaring goods originating in South-East Asian countries as Bangladeshi origin. Since areca nuts normally attract 100% basic customs duty, the scheme sought to obtain the full SAFTA exemption reserved for qualifying Bangladeshi goods meeting Rules of Origin requirements. The alleged mechanism included routing goods through Bangladesh, changing containers and bags, using improperly obtained Certificates of Origin, and facilitating clearance through importers, Customs Brokers and IEC holders. Investigative findings also indicated cash proceeds, hawala channels and dummy entities.
August 17, 2026
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FCNR(B) concessional swap facility closure may reduce temporary foreign-currency inflow support and heighten rupee weakness concerns.
The Reserve Bank of India restricted its concessional swap facility for FCNR(B) deposits to deposits mobilised by August 31, advancing the earlier cut-off date. The facility was intended to encourage foreign-currency inflows, while banks mobilise such deposits through attractive interest rates. Market commentary indicated that existing inflows may support the rupee in the near term, but the curtailed availability of the facility could reduce this temporary cushion and increase depreciation risk.
August 16, 2026
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Temporary tariff suspension for earthquake recovery is sought to ease pressure on affected Colombian businesses.
Temporary suspension of high tariffs on Colombian products has been sought to support business recovery following a severe earthquake declared a natural disaster. The request links tariff relief to economic disruption affecting businesses amid extensive destruction, injuries and missing persons. United States emergency assistance has been provided through food, shelter and health supplies, while no response to the tariff-suspension request had been reported.
August 16, 2026
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Port-led industrial development and direct export operations aim to expand logistics infrastructure, market access and trade connectivity.
Mission Samudra is proposed as a port-led industrial and logistics development programme linked to the commencement of export-import operations at Vizhinjam seaport. It covers industrial clusters, new cities, port connectivity, logistics, development initiatives, programme management and capacity building. Direct export shipments are intended to improve overseas-market access and reduce transit time and logistics costs, particularly for small and medium enterprises. The framework also anticipates growth in warehousing, cold storage, container freight stations and logistics parks, supported by private participation and road and rail connectivity.
August 16, 2026
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Electric vehicle export diversification strengthens India's presence across European, Asia-Pacific and Latin American markets through expanding overseas demand.
India's electric motor car exports expanded sharply in the first quarter of 2026-27, reflecting increased international acceptance and competitiveness of India-manufactured electric vehicles. Europe became the principal export destination, led by Spain and the United Kingdom, with further demand across several European markets. Exports also reached Asia-Pacific markets, Nepal and emerging Latin American destinations. This wider market presence reflects improving quality and safety standards, stronger integration into global electric-vehicle supply chains, and diversification of India's electric-vehicle export profile.
August 16, 2026
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LPG production preparedness requires refiners and upstream producers to maintain capacity and increase output during supply constraints.
Government has established a standing LPG production preparedness framework under which refining companies, oil marketing companies and upstream producers may be directed to increase production during supply constraints. Companies must maintain adequate LPG storage, evacuation and transportation infrastructure and pursue technically and economically feasible production-enhancing measures. Written directions may prescribe production quantities and periods, including restrictions on alternative uses of input streams required for LPG. The production schedule is updated twice yearly to reflect new facilities and added capacity from infrastructure, technology and distribution improvements.
August 16, 2026
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Free trade agreement market access requires MSMEs, farmers and exporters to meet global quality standards.
Free trade agreements expand market-access opportunities for Indian MSMEs, exporters and producers through reduced or eliminated import duties on traded goods. Textiles, machinery, medicines, seafood and agricultural products can access international markets where they meet global standards and remain competitively priced. Farmers and producers are encouraged to develop export-oriented products, including chemical-free agricultural produce, while MSMEs may use preferential trade access to support manufacturing, exports, employment and growth.
August 15, 2026
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Chemical-free farming can strengthen agricultural exports by meeting global standards and responding to rising international demand.
Chemical-free farming is urged to meet growing global demand and expand agricultural exports. Agricultural products must meet global parameters to facilitate access to international markets, including markets opened through free trade agreements. Food processing, export-oriented farm production, and global branding of traditional cuisine, millets, spices, fruits and flowers are identified as important elements of agriculture and food production policy.
August 15, 2026
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Voluntary foreign asset disclosure allows eligible taxpayers to regularise overseas holdings with immunity from further tax, penalties and prosecution.
FAST-DS permits eligible taxpayers to disclose specified undisclosed foreign assets, foreign income, and foreign assets omitted from return schedules. Undisclosed assets or income not previously offered to tax may be declared up to Rs 1 crore on payment of an effective 60 per cent levy, based on fair market value as of 31 March 2026. Assets already offered to tax, or acquired during non-resident status but omitted from the return schedule, may be declared up to Rs 5 crore on payment of a fee. Valid declarations provide immunity from further tax, penalty and prosecution, while declared amounts are excluded from total income.
August 15, 2026
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Global pharmaceutical leadership is urged through Indian firms achieving top-five status, supported by generic manufacturing and export capacity.
Indian pharmaceutical companies are urged to attain representation among the world's five leading pharmaceutical firms, despite India's established position as a major producer of generic medicines. India has a broad manufacturing base, supplies generic medicines across numerous therapeutic categories, and exports to worldwide markets including highly regulated jurisdictions. Although pharmaceutical exports and the domestic market have expanded, Indian firms have not yet secured positions among the largest global companies. Greater international scale may be supported through acquisitions and expanded established-brand and branded-generic operations.
August 15, 2026
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Foreign asset voluntary disclosure permits eligible small taxpayers to regularise qualifying assets through tax, additional levy, and statutory immunity.
FAST-DS permits eligible small taxpayers to voluntarily disclose specified foreign assets or foreign income. It covers undisclosed foreign assets or income not offered to tax, subject to an aggregate value threshold of Rs 1 crore, and certain foreign assets omitted from the relevant return schedule, subject to a Rs 5 crore threshold and prescribed fee. Payment comprises 30 per cent tax and an additional equal amount. Disclosed income or investment is excluded from total income, with immunity from further tax, penalty and prosecution under the Black Money Act for the disclosed asset or income.
August 15, 2026
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Free trade agreement opportunities require MSMEs to meet global standards and expand exports across textiles, machinery, medicines and seafood.
Free trade agreements are presented as export-market opportunities for Indian MSMEs because they reduce or eliminate import duties on a substantial range of traded goods. MSMEs are urged to expand exports of textiles, machinery, medicines and seafood, including shrimp, by meeting global quality standards and offering products competitively. Their export role is linked to self-reliance and their significant contribution to manufacturing, exports, GDP and employment.

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Customs, DGFT & SEZ

CBIC hosted 4th National Conference on functioning of Land Customs Stations (LCSs) in New Delhi

August 30, 2024

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Two-day Conference brought together more than 100 participants to build strategies in collaboration to further facilitate international trade and transit of cargo and enhance operations at India's Land Customs Stations and Integrated Check Posts

Revenue Secretary Shri Sanjay Malhotra launched a booklet 'Bridging Borders & Connecting Nations: India's Land Customs Stations' at the Conference

The Central Board of Indirect Taxes and Customs (CBIC) hosted the 4th National Conference on the Functioning of Land Customs Stations (LCSs), on 28th and 29th August 2024 in New Delhi. The two-day Conference was inaugurated by Revenue Secretary, Shri Sanjay Malhotra and chaired by Chairman (CBIC), Shri Sanjay Kumar Agarwal. Member (Customs), Shri Surjit Bhujabal, Member (IT & Tax Payer Services), Smt. Aruna Narayan Gupta, Member (Compliance Management), Shri Rajiv Talwar, and Chairman, Land Port Authority of India, Shri Aditya Mishra, were also present, among others.

The two-day Conference provided a platform for key stakeholders to discuss the current challenges and future strategies for enhancing the operations of India's Land Customs Stations and Integrated Check Posts along with movement of passengers with India’s neighbouring countries.

The conference brought together more than 100 experts and key stakeholders to discuss and present specific recommendations on:

  • Trade and transit facilitation at LCSs with neighbouring countries
  • Risk management strategies to combat smuggling
  • Best practices in anti-smuggling operations
  • Technological advancements to strengthen border security
  • Collaboration and information sharing among agencies
  • Capacity building and training for effective border management
  • Policy reforms required for Coordinated Cross Border Management and Inter-Operability amongst agencies

Revenue Secretary, Shri Sanjay Malhotra, in presence of CBIC Chairman Shri Sanjay Kumar Agarwal; Special Secretary & Member (Customs) Shri Surjit Bhujabal; and Special Secretary & Member (IT & TPS) Smt. Aruna Narayan Gupta, launched a booklet titled 'Bridging Borders & Connecting Nations: India's Land Customs Stations' at the Conference in New Delhi.

This booklet provides an in-depth look at India's Land Customs Stations, showcasing the country's efforts to facilitate trade, enhance regional connectivity, and strengthen ties with neighbouring countries.

The first day of the Conference was focused on inter-ministerial discussions. In addition to officers from CBIC formations, representatives from Ministry of External Affairs, Ministry of Home Affairs, Land Ports Authority of India, Ministry of Commerce & Industry, Inland Waterways Authority of India, Ministry of Railway, Ministry of Textiles, Ministry of Road Transport and Highways, Ministry of Agriculture and Farmers Welfare, Ministry of Fisheries, Animal Husbandry & Dairying, Food Safety & Standards Authority of India, Ministry of Development of North Eastern Region and several state governments also actively participated.

The event also saw the participation of international organisations, trade bodies and think tanks such as the Asian Development Bank, World Bank, Indian Council for Research on International Economic Relations, United Nations Economic and Social Commission for Asia and the Pacific and the Federation of Indian Chambers of Commerce & Industry.

The discussions centered around optimising the operational efficiency of Land Customs Stations and enhancing trade facilitation at international borders with the neighbouring countries with a special focus on Bhutan, Bangladesh and Nepal. The inter-ministerial dialogue emphasized the importance of coordinated efforts among different ministries and organisations to ensure a seamless trade environment. International Organisations, Think Tanks and Trade Associations updated on infrastructure and knowledge projects undertaken in South Asia Region.

On the second day, discussions covered Infrastructure development and logistics issues, Manpower and Human Resources issues, Anti-smuggling and risk management, Digitization and Process Improvement, as well as Gender mainstreaming at Land Customs Stations. A key theme was the need for stronger inter-departmental coordination and the adoption of advanced technologies. Participants also highlighted the importance of improving infrastructure and streamlining procedures to facilitate smoother and more efficient trade flows through India’s land borders.

CBIC successfully concluded the Conference on a positive note with significant takeaways for relevant stakeholders and setting a clear path with a message that ‘Collaboration is the key for Trade Facilitation at the Indian Borders which are the First Villages of India’. The outcomes of the Conference are expected to significantly contribute to CBIC's ongoing efforts to enhance the efficiency and effectiveness of LCSs, ensuring that India’s trade facilitation mechanisms meet global standards.

CBIC remains committed to its mission of optimising the functioning of Land Customs Stations and facilitating seamless cross-border trade, which is vital for India's economic growth and international trade relations. These efforts align with the Government of India’s larger objectives under initiatives like 'Vikshit Bharat' and 'Atmanirbhar Bharat,' aiming to boost regional trade, strengthen cross-border relations, and enhance economic integration with neighboring countries.

Land Customs Stations in India

There are 122 Land Customs Stations (LCSs) notified under Customs Act, 1962, which are strategically located along India's borders for trade with 7 neighbouring countries i.e. Afghanistan, Bangladesh, Bhutan, China, Myanmar, Nepal and Pakistan, spread across 16 states of India. These LCSs facilitate the smooth movement of goods and people across international borders. Integrated Check Posts (ICPs) have been established at 12 key locations - Attari Road, Agartala, Petrapole, Jogbani, Raxaul, Moreh, Dera Baba Nank, Suterkandi, Srimantapur, Dawki, Rupaidhia and Sabroom, offering modern infrastructure and streamlined processes for efficient customs clearance. Additionally, 7 Border Haats have been set up at specific locations along the India-Bangladesh border to promote local trade by allowing local vendors to sell goods in designated areas, contributing to the economic upliftment of border communities.

 CBIC has actively engaged in bilateral and multilateral dialogues with partner countries to harmonize customs procedures, and creating a conducive environment for trade facilitation. Systemic reforms like National Single Window System (SWIFT), advanced risk management system, Post Clearance Audit, Authorized Economic Operator (AEO) programme, movement of cargo under Electronic Cargo Tracking System (ECTS), decongestion of land borders through promoting off-border clearances, among others have promoted ease of doing business at the Land Customs Stations. As per the National Time Release Study (NTRS) 2024 published by CBIC, there has been a significant 50 percent reduction in average release time in case of Integrated Check Posts in 2024 compared to the corresponding period in 2023. CBIC has taken several initiatives to promote trade and transit with the neighboring countries in recent times, such as:

  1. CBIC in the last month has allowed transhipment of Bangladesh export cargo to third countries through Air Cargo Complex, Kempegowda International Airport, Bengaluru. This is in addition to the earlier notified air cargo complexes for this purpose viz. Delhi and Kolkata.
  2. Land Customs Station, Maia in Murshidabad District, West Bengal with river route connecting Maia in India to Bangladesh has also been notified. The new waterway route from Maia to Dhubri in Assam through Bangladesh will reduce the distance by around 930 kilometers compared to the previous waterway route through Kolkata upto Dhubri.
  3. Last year, Nischintpur Railway Station in Tripura was notified as an LCS under the Customs Act. This is a part of Agartala-Akhaura railway project, which is the first railway project between the North Eastern Region and Bangladesh and is expected to boost tourism, trade and people-to-people exchanges.
  4. CBIC has notified an additional route of LCS Sabroom in Tripura in May 2023. This 1.9 km long Maitri Setu road is poised to herald a new chapter for trade and people to people movement and with this, Tripura may become the ‘Gateway of North East’ with access to Chittagong Port of Bangladesh, which is just 80 Kms from Sabroom.
  5. In May 2023, CBIC operationalized Indian Customs Yard at Jogbani and notified a rail route linking Jogbani to Biratnagar in Nepal. The movement of freight via rail increases the efficiency and cost-competitiveness of the operations apart from diversifying the modes of trade through the Land Customs Stations between the two countries. The transit of goods from the Indian Gateway Ports of Kolkata, Haldia and Vishakhapatnam through this route to Nepal via rail would be under Electronic Cargo Tracking System which reduces the processing time and increases cargo security.
  6. Recently, an Inter-Ministerial experts’ delegation, led by CBIC, visited Bhutan and held capacity-building workshops in four different cities for the benefit for SME exporters of Bhutan operating in agriculture sector. Govt of Bhutan has wholeheartedly appreciated this initiative of India.
  7. For providing connectivity to landlocked developing country Bhutan, CBIC in February, this year has issued a Standard Operating Procedure allowing transit of goods between Bhutan and Bangladesh using riverine route through India with the entry/exit points at Jogighopa and Pandu ports in Assam.
  8. CBIC is also conducting trainings in NACIN under SASEC Memorandum of Intent signed in 2017 on Customs Capacity Building. Several capacity building programs for the delegates of SASEC countries have been conducted till date under the said MOI by NACIN. The latest SASEC capacity-building programme was conducted by NACIN on Trade Facilitation for Cross Border E-commerce in December, 2023.

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