DGFT has introduced TRACE under the Export Promotion Mission to partially reimburse MSMEs for testing, certification, and compliance costs. The scheme aims to strengthen India’s export quality ecosystem and facilitate global market access.
A new DGFT trade notice provides structured support for export factoring transactions undertaken by MSMEs. The scheme caps benefits at ₹50 lakh per year and applies only to eligible HS tariff lines and RBI/IFSCA-regulated entities.
The Trade Notice invites stakeholder feedback on a draft law aimed at granting legal recognition to electronic trade documents and enabling secure digital trade systems.
DGFT has rolled out real-time NPCI validation for bank accounts in IEC issuance and modification. Applications will now depend on NPCI validation status to proceed, auto-approve, or face rejection.
A trade notice outlines multiple GST system upgrades including audit case management, refund processing improvements, and new registration features. The update also introduces enhanced search functions and automated compliance tools.
The notice refines eligibility to RBI-aligned credit, applies benefits only to post-02.01.2026 sanctions, and excludes deemed exports and NPAs—helping exporters understand who qualifies and when.
A new export credit guarantee scheme has been rolled out to help MSME exporters access working capital without heavy collateral requirements. The initiative offers high guarantee coverage through a pilot framework.
The government introduces 2.75% interest relief on pre- and post-shipment export credit, helping MSMEs access cheaper working capital and expand exports.
The MAS initiative provides financial and institutional backing for international market access activities. It prioritises MSMEs and aims to build long-term global trade linkages.
DGFT aims to create a comprehensive database of NTMs, labelling norms, inspections, and certifications affecting Indian exports globally.
