Business Economy


CBIC extends export incentives to postal shipments for strengthening MSMEs

New Delhi, Jan 16 (UNI) Export incentives have been extended to goods exported through the postal mode in electronic form, with effect from January 15, as part of measures to strengthen India's export ecosystem and promote inclusive growth in cross-border trade, an official statement said on Friday.
Under the revised framework, exports made through the postal channel will now be eligible for benefits under Duty Drawback, Remission of Duties and Taxes on Exported Products (RoDTEP), and Rebate of State and Central Taxes and Levies (RoSCTL).
The move is aimed at improving competitiveness and reducing logistical and cost barriers for exporters, particularly micro, small and medium enterprises, artisans and small e-commerce sellers who depend on postal services for overseas shipments, the finance ministry statement added.
To implement the decision, the Postal Export (Electronic Declaration and Processing) Regulations, 2022 have been amended. Supporting notifications and circulars have been issued to facilitate smooth operationalisation of the extended incentives and to ensure uniform procedures for postal exporters.
India has 28 notified Foreign Post Offices that handle international postal exports under the Customs Act. Over the past few years, several reforms have been undertaken to modernise postal exports, including end-to-end electronic processing of export declarations and improvements in refund mechanisms to make the system more efficient and exporter-friendly.
The postal export framework has also been strengthened through the Hub-and-Spoke model in collaboration with India Post.
More than 1,000 Dak Niryat Kendras have been established across the country to enable easy booking, aggregation and processing of export consignments, especially for small exporters and businesses in remote areas.
The extension of export incentives to the postal channel is expected to expand participation in global e-commerce, enhance export opportunities for smaller players, and support the integration of MSMEs into international markets, contributing to sustained growth in India's exports.
UNI SAS ARN
More News

IndiGo partners with Axis Bank to launch co-branded credit cards offering travel rewards, lifestyle benefits

18 Feb 2026 | 11:43 PM

New Delhi, Feb 18 (UNI) Partnering with IndiGo, Axis Bank has launched a pair of co-branded credit cards targeting retail and affluent clients, packed with travel rewards and lifestyle advantages.

see more..

Life Sciences crucial to achieving USD 3 trillion economy: Minister Sridhar Babu

18 Feb 2026 | 8:32 PM

Hyderabad, Feb 18 (UNI) Telangana IT and Industries Minister Duddilla Sridhar Babu on Wednesday said the life sciences sector will play a pivotal role in achieving Telangana’s goal of becoming a USD 3 trillion economy by 2047, underlining the government’s resolve to position the State as a global life sciences powerhouse.

see more..

BioAsia 2026 concludes on high note, reinforcing Telangana’s global leadership in TechBio & Life Sciences

18 Feb 2026 | 7:15 PM

Hyderabad, Feb 18 (UNI) BioAsia 2026, the 23rd edition of Asia’s premier life sciences and health-tech forum, concluded here on Wednesday with unprecedented success, firmly cementing Telangana’s position as a global hub for life sciences, TechBio and innovation-led growth.

see more..

India to add USD 26 trn to global economy by 2047: Piyush Goyal

18 Feb 2026 | 6:29 PM

New Delhi, Feb 18 (UNI) India is set to contribute an unprecedented USD 26 trillion to the global economy between now and 2047, Commerce and Industry Minister Piyush Goyal said on Wednesday, describing the scale of expansion as “unparalleled in history” and unlikely to be replicated anywhere else in the world.

see more..

(REOPEN) INDUSTRY TN SATRAC FACILITY TWO LAST CHENNAI

18 Feb 2026 | 5:23 PM

Satrac has outlined a structured expansion roadmap as part of its long-term growth strategy
in India. The company will establish three new manufacturing plants, with a new facility
planned approximately every 30 months, Mr. Bantwal said
.

see more..