The Economic Times

Department of Commerce extends RELIEF program timelines to support exporters facing geopolitical risks

The Department of Commerce announced an extension of timelines under Component II of RELIEF - Resilience & Logistics Intervention for Export Facilitation, which is government a measure dedicated to protect Indian exporters affected by extraordinary freight escalation. It would provide 95% risk coverage to exporters who obtain ECGC cover for upcoming shipments to the specified regions for certain cargo types.