July 3: ASSOCHAM has appreciated the Government’s new Trade Regulations, Accreditation and Compliance Enablement reforms under the Export Promotion Mission, stating that the new measures will significantly widen the scope for exporter resilience, strengthen compliance capacity, and reinforce India’s export competitiveness.
The revised framework offers a major boost to MSMEs, with Micro and Small Enterprises now eligible for reimbursement of up to 95% of certification costs, Medium Enterprises up to 80%, and the reimbursement ceiling increased to ₹50 lakh per Importer Exporter Code . The phased disbursement mechanism will also improve liquidity, enabling exporters to invest in quality compliance without facing financial constraints.
These reforms are timely as exporters navigate disruptions arising from the West Asia crisis and rising input costs driven by increased global energy prices. These initiatives will provide timely support, enhance exporters‘ resilience, and help sustain strong export growth during the current financial year. ASSOCHAM will continue working closely with the Government and industry to ensure effective implementation and maximise industry outreach so that exporters across sectors fully benefit from these measures.