West Asia tensions disrupt Indian exports, impacting payment cycles and increasing costs

West Asia tensions disrupt Indian exports, impacting payment cycles and increasing costs. Rising military tensions between the US, Israel, and Iran have disrupted shipping routes, particularly the Strait of Hormuz, leading to delays and increased insurance premiums for Indian exporters. Exporters are seeking an exemption from a tax provision requiring payment to domestic suppliers within 45 days, citing longer payment realization periods allowed under foreign exchange regulations.