New Delhi, March 23 (IANS) In view of the evolving geopolitical situation due to the Iran war and its implications for maritime trade, the Centre has decided to restore the rates and value caps under the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme for all eligible export products with effect from March 23, according to a statement issued by the Ministry of Commerce and Industry on Monday. This step is intended to provide timely support to Indian exporters facing elevated f…
Latest RELIEF initiative News & Updates
New Delhi, March 22 (IANS): A timely and strategic move by the government with the RELIEF initiative to support exporters amid global disruptions has strengthened trade resilience and ensured continuity by easing logistics, insurance, and cost pressures in a volatile geopolitical environment, apex business chamber CII said on Sunday.”For the manufacturing and chemicals sector, it comes as a crucial buffer against rising freight, insurance, and input costs, helping maintain production continuity …
New Delhi, March 19 (IANS) The Federation of Indian Export Organisations (FIEO) on Thursday welcomed the government’s timely announcement of the RELIEF (Resilience and Logistics Intervention for Export Facilitation) initiative under the Export Promotion Mission, aimed at supporting exporters impacted by the ongoing disruptions in West Asia maritime trade routes.Recent developments around the Strait of Hormuz and the wider Gulf region have led to significant challenges including vessel diversio…