Trade Facilitation Measures Within India's Regulatory And Financial Framework

Introduction

Trade facilitation in Indian legal framework has increasingly been operationalised through fiscal policy, infrastructure financing, customs rationalisation, MSME credit mechanisms, and digital procurement reforms administered through statutory institutions. Recent economic measures directed at manufacturing ecosystems, logistics corridors, municipal finance, securitisation of receivables, and customs exemptions must be understood in light of existing legislative instruments such as the Customs Act, 1962, the Foreign Exchange Management Act, 1999, the MSMED Act, 2006, and delegated regulatory frameworks issued by sectoral authorities.

Customs Rationalisation

The legal basis for duty exemptions under trade facilitation measures related to lithium-ion cells/sources for solar energy/critical minerals supply chains is found in section 25 of the 1962 Customs Act, which gives the government the authority to proclaim by means of a public notice the exemption