The RELIEF Scheme India, introduced under the Export Promotion Mission (EPM), provides financial and logistical support to exporters affected by global disruptions such as shipping crises. It includes ECGC-backed risk coverage, reimbursement of freight surcharges, and enhanced insurance protection. The scheme focuses on MSMEs and ensures exporters can maintain compliance with FEMA regulations, including timely EDPMS closures and documentation.
Tensions around the Strait of Hormuz have driven up shipping costs, with war risk premiums, vessel diversions, and surcharges like Additional War Risk Premiums (AWRP) and Emergency Conflict Surcharges (ECS) hitting FCL, LCL, and reefer shipments to UAE, Saudi Arabia,…
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