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The port will remain shut for 24 hours from the third shift of 2nd June 2020 till 3rd June 2020 on safety grounds
The port will remain shut for 24 hours from the third shift of 2nd June 2020 till 3rd June 2020 on safety grounds
MORMUGAO PORT TRUST has issued important measure due to Cyclone Nisagra
The GOI has prohibited the export of the alcohol-based hand sanitizers in containers with dispenser pumps. Export of the same in any other form of packaging is allowed.
As India enters the first day of ‘Unlock 1’, a meeting of the Union Cabinet was chaired by Prime Minister Narendra Modi. The Minimum Support Price (MSP) for 14 Kharif crops has been increased by 50-83 per cent to provide relief to farmers.
PIL has announced the launch of its new India service – China India Express (CIX) with effect from June 2020. This new service will provide a direct service from Tianjin and Qingdao in North China and Kaohsiung into India West Coast and Sri Lanka, calling Nhava Sheva, Mundra and Colombo.
The State of Maharashtra is threatened with the spread of Covid-19 Virus, and therefore to take certain emergency measures to prevent and contain the spread of the virus, The Maharashtra government has extended the lockdown until 30th June 2020. MISSION BEGIN AGAIN will only be considered after the 30th of June depending on the situation.
The Gujarat government has issued notice including the guidelines to be followed during the phased re-opening of the lockdown. The guidelines are in line with the MHA’s issued guidelines. A curfew from 9 PM - 5 AM is to be followed across the state. Only essential services will be allowed in containment zones across Gujarat between 7 AM to 7 PM.
MHA’s issued guidelines for phased re-opening of the lockdown will be implemented across the country. The phase one re-opening will include re-opening of the malls, restaurants, hotels and religious places of worship. However, the hygiene measures will be followed as directed earlier.
To battle the COVID 19 pandemic, The Custom Duty and the Health Cess charges have been exempted on medical equipment. They include the ventilators, surgical masks, PPE, COVID Testing kits and its contents. Since it will be made available at a lower cost, this will boost the manufacture of the equipment locally.
HAPAG LLYOD has issued a notice that there will be incremental delays for import arrivals into Inland Container Depot (ICD) SONIPAT, due to an exponential rise in import volumes and COVID 19 situation. Average Import dwell time at the port is about two weeks. Average transit time is between 5 to 15 days.
In the matter of continuation of anti-dumping duty on Acrylic Fibre, the GOI has issued a notice. The Acrylic fibre originating in or exported from Thailand will be subjected to anti-dumping duty for a further period of six months from the 01 June 2020. This notification shall remain in force up to and inclusive of the 30th day of November 2020.
Taking into consideration that it might take some time for the situation to normalise post lockdown, the Board has extended the accepting of the undertaking instead of bond for customs clearance until 15 June 2020. The proper bond must be submitted before 30 June 2020.
The Kerala government has issued a notice extending the late payment of fixed charges of EB for six months.
According to government data, India's exports contracted by a record of 60.28 per cent to $10.36 billion in April, amid the coronavirus lockdown. Imports tumbled by 58.65 per cent to $17.12 billion in April from $41.4 billion in the same month last year.
The FIEO has written to West Bengal Chief Minister, Mamata Banerjee, seeking her intervention for an early resumption of India-Bangladesh trade through land ports. The FIEO said that it is hurting the export-import community to a large extent. And, a sizeable chunk of that belongs to the MSME sector. Exporters have been witnessing cancellation of orders due to non-delivery of goods. And importers are seeking compensation for incurring losses at their end.
The restriction of the export of paracetamol has been lifted. The GOI issued a notice giving permission for the free export of paracetamol APIs.
CONCOR has revised the freight rates for the movement of the dry loaded and reefer loaded containers from the 1st June 2020. The rates are on a chassis-to-chassis basis. The port-related charges are to be borne by the shipper.
DP World has joined the blockchain Trade Lens platform, developed by Maersk and IBM. It has outlined plans to connect its 82 terminals around the world, as well as its feeder companies and logistics divisions.
The GOI has issued a notice allowing the export of additional quantity of 3569 MT cane sugar and refined sugar to the USA. CO, if needed, will be procured by the DGFT in Mumbai.
The CBIC issued a notice announcing a special drive for disposal of applications for fixation of Brand Rate of Duty Drawback. The objective of the drive is the priority processing and disposal of all pending refund and drawback claims to provide immediate relief to the business entities and especially MSMEs.
India's cotton exports could rise to 4.7 million bales, up 12 per cent from the previous estimate. The fall in the value of the rupee made shipments competitive. Higher exports by the world's biggest cotton producer could put pressure on global prices, which are trading near their highest level in more than two months.
In a big digitisation push, Adani Ports and Special Economic Zone Ltd (APSEZ), has signed up with TradeLens, a blockchain-based digital container logistics platform, jointly developed by A P Moller - Maersk and IBM.
3F Oil Palm Agrotech, an oil palm player, has launched 3F Akshaya, an Android mobile app for oil palm farmers. To begin with, about 20,000 oil palm farmers of Andhra Pradesh will get access to the app. They can monitor details of transactions including ledger balances and plot data.
In the matter of continuation of anti-dumping duty on imports of electronic Calculators of all types originating in, or exported from the People’s Republic of China, duty shall be paid in Indian currency and be effective for 5 years. Dumped imports from China are causing injury to the domestic industry.
The GOI issued a notice regarding the facility of waiver of late fee for delayed filing of the Bill of Entry. The general waiver of late filing charges will not be available with respect to Bill of Entry for IGMs where entry is after 31.05.2020. The general waiver shall cease to be available to Bill of Entry filed after 08 June 2020.
Exporters have demanded the resumption of trade between India and Bangladesh through the overland port of Hili in West Bengal after an estimated loss of Rs 850 million in business during the shutdown. More than 100 trucks bound for Bangladesh loaded with onion, ginger, edible oil, chilli and stone chips are trapped in the land port in the southern district of Dinajpur.
The ICD at Tughlakabad has issued a notice with the guidelines to contain the spread of the COVID 19 pandemic. 10 staff members of CONCOR were detected Corona Positive.
In the matter of continuation of anti-dumping duty on imports of electronic Calculators of all types originating in, or exported from the People’s Republic of China, duty shall be paid in Indian currency and be effective for 5 years. Dumped imports from China are causing injury to the domestic industry.
Adani Ports and Special Economic Zone Ltd (APSEZ), India's biggest private port operator, has signed up with TradeLens. It is a blockchain-based digital container logistics platform, jointly developed by A P Moller - Maersk and IBM.
Maersk has updated status of the company on their website. Leadership teams and management in all other areas are closely monitoring the COVID 19 situation. This measure is a part of a strong commitment to ensuring the safety of the employees and towards mitigating any possible impact to customers’ operations.
The GOI has issued a notice regarding Anti-Dumping Investigation concerning imports of “Rubber Chemical PX-13” from China PR, Korea RP and USA. NOCIL Limited has filed an application claiming that there is no known difference between the subject goods exported and that produced by the domestic industry.
The GOI notifies that the Cochin Special Economic Zone Authority in respect of the specified income arising to the board under section 10(46) of Income Tax Act, 1961. The Cochin Special Economic Zone Authority shall not engage in any commercial activity and the nature of the income mentioned in the notice shall remain unchanged throughout the financial years. The authority shall file a return of income and the audit report along with the return, duly verified by the accountant
Export units, trading firms and hospitality ventures may also tap the ₹3 lakh crore credit facilities offered to MSMEs under the recent economic stimulus package. It is enough if they meet the eligibility criteria.
To ensure safety and boost local manufacture, BIS certification is set to be made mandatory for tyres and tubes. According to the BIS directive, all types of tyres and tubes for two-wheelers, three-wheelers, passenger cars and commercial vehicles would now need BIS marking to be sold in the city.
The government has not allocated any quota for import of yellow peas this year because of bumper production of chana. Driven by domestic shortages, India had become one of the world's largest importers of yellow peas from Canada, the US and other countries. Traders said domestic prices have increased due to the import ban.
The central government is planning to expand prawn farming in Punjab, Haryana, Rajasthan and west Uttar Pradesh. The plan is to turn India into a major hub for exporting fish.
The steps were taken by the ministry of agriculture, Government of India, to ban twenty-seven insecticide compounds which cause a serious health risk to human being and animals will help Indian spice exports in the global market. The move is intended to make food safer for our domestic consumption as well.
Adani Logistics Services Private Limited, a unit of Adani Logistics Ltd, will shut its inland container depot (ICD) at Kanech in Punjab's Ludhiana district from June 25. It is a first clear sign that a steep fall in export-import (EXIM) container volumes due to the pandemic has started to hurt dry port operators.
The Central government on Monday has reduced the annual fishing ban days to 47 from the earlier 61 days. The amendment in the period of uniform fishing ban is applicable only for the current year.
The CCTA has sought the support of its customers to pay port and liner charges in advance before taking delivery of the containers. In-order to run smooth operation to deliver boxes to their customers, member freight forwarders will have to pay these charges. Otherwise, they may have to face the issue of holding containers by concerned lines/freight forwarders.
Between April and July, 80 sailings have been cancelled or will be, between the West Coast and Asia and 43 departures to Asia will be called off the East Coast. The cancelled sailings are a headache for shippers and there have been a lot of them during the COVID-19 crisis. Traditionally about 15 to 18% of all export bookings are cancelled.
Punjab Biotechnology Incubator has approved a 15% discount on all product testing facilities for registered Punjab-based exporters besides introducing special packages to support them further. PBTI is providing testing services such as residue analysis, microbial analysis, adulterants and food additive analysis, which form an important part of the stringent export guidelines of European Union countries.
Sri Lanka has been facing foreign exchange issues. Hence, the President, Gotabaya Rajapaksa has requested a 1.1 billion foreign exchange swap from India. He also invited investment in a container terminal in Colombo. Sri Lanka has already asked for a 400 million dollar foreign exchange swap from the Reserve Bank of India under a program for SAARC nations.
MPEDA has extended microbiology testing for Aqua farmers, exporters, institutes and entrepreneurs. This gives a major push to seafood exports in India. The laboratory would be used to test all sorts of seafood at various stages.
As global demand plummets, buyers ask for longer payment cycle of up to 120 days from a maximum of 60 days earlier. FIEO advises members to deal with buyers in countries where the fiscal stimulus to revive demand have been announced. MSMEs which account for 45% of the country's exports are grappling with payment issues in local markets too.
India’s exports of agriculture-based commodities such as garlic, lemons, chillies and bananas have been higher this year than previous years, despite the national lockdown. India’s export in April and May 2020 has been higher than May 2019.
Government to ban 27 pesticides and insecticides in India. The GOI-issued order prohibits import, manufacturing, sale, transport, distribution, and use of 27 types of pesticides. Bewildered by this move, pesticide and insecticide manufacturers set to oppose the government’s move.
Nepal government has asked the Indian government to allow Nepali traders to export tea and refined palm oil in the Indian market. Refined palm oil and tea are two top items from Nepal to be exported to India. India stopped importing refined palm oil and tea even before Nepal's objection to the road inauguration by the Indian government through Lipu Lekh Pass.
Global companies that thrived on the efficiency and low costs of Chinese production are likely to move their base in the aftermath of Covid-19. Nations the world over are today rethinking trade ties with China post the COVID-19 outbreak. India not only cancelled orders for ‘faulty’ rapid test kits, but it also revised FDI policy to curb ‘opportunistic acquisitions’ of Indian companies.
Period of Advance for Pre-shipment and Post-shipment Export Credit has been extended. RBI issued a notice saying that it has been decided to increase the maximum permissible period of export credit sanctioned by banks. It has been extended from one year to 15 months, for disbursements made up to July 31, 2020.
The RBI Governor Shaktikanta Das announced measures aimed at easing the liquidity conditions and providing relief to borrowers. He announced it just a few days after the government concluded unveiling its five tranches of Rs 20 lakh crore worth of stimulus.
The RBI Governor came out for the third time with a set of measures to alleviate distress in the economy. The interventions included announcements on policy rates with the Monetary Policy Committee holding an out-of-cycle review meeting and extension of previously announced relief measures for both industrial establishments and individual borrowers. The MPC voted for a reduction of repo rate by 40 basis points to 4 per cent from 4.4 per cent. The reverse repo rate now stands at 3.35 per cent. A further three-month extension of Moratorium up to August 31, 2020, is announced.
The GOI issued a notice since exporters were expressing difficulties in obtaining preferential access in Thailand and Vietnam. EIA, MPEDA and Textile Committee agencies will henceforth issue the Certificate of Origin in physical paper format as was being done before for Thailand and Vietnam, till further notice.
CTOs would like to access more goods sheds of Indian Railways to send and receive containerised goods from a greater number of points. This will allow the movement of more containerised cargo through the railway network. Since only 258 out of the 1,232 goods sheds are container rail terminals, about a fifth of the goods shed across the country can be accessed to pick and drop cargo from containers.
A freight transport service was launched Friday between Xi'an and Kathmandu. A train carrying cargo left Xi'an for Xigaze, where the cargo will further be delivered to Kathmandu by trucks. It will take eight days for the cargo to arrive at Kathmandu.
The JNCH has issued a notice about further measures to make Bill of Entry Amendments process contactless and paperless. They support the use of ICETAB for paperless examination. According to the notice, levying and payment of BE Amendment Fee will take place electronically. The BE Amendment must be filed online.
The APEDA has set up an EPF for the Dairy Products industry. This is a joint initiative of the Ministry of Agriculture and Commerce. The Dairy Products EPF will ensure supply chain of Dairy Products export in a focussed manner.
The trade was suspended through the integrated check post at Petrapole owing to the COVID-19 pandemic. CONCOR is awaiting clearances from both the Indian and Bangladesh governments to send its goods train with export items to the neighbouring country. However, not all goods are allowed to be transported by rail to Bangladesh.
The Shipping Ministry has started the work related to drafting a new blueprint for India’s maritime sector for the next decade. The Government is likely to hire the Boston Consulting Group (BCG) as a strategic consultant to help draft the ‘Maritime Vision 2030’ by coordinating with some 14 working groups set up by the Ministry.
The CBIC has asked GST risk management wing to conduct supply chain analysis to identify risky major suppliers to exporters and share it with jurisdictional field officers. CBIC had received representations from exporters saying in some cases the Integrated GST (IGST) refunds are getting delayed by over 6 months.
The GOI has amended some notifications of the Government of India in the Ministry of Finance. According to the provision added to these notices, it says that for the cases where the last date of the export falls between the 1st February 2020 and the 31st July 2020, the last date stands extended by six months.
The GOI has amended some notifications of the Government of India in the Ministry of Finance. According to the mentioned notices, the word Dighi will be replaced by “Dighi, Gopalpur.”
For all those facing issues with registrations fees or late fees about licenses and registration from or after 1st February 2020 due to COVID 19 crisis, the GOI has issued a notice. According to that, the renewal period for registrations etc. has been extended and the documents will remain valid during the lockdown period. The dates have been extended until 31st July 2020. Late payment fees will not be collected.
The GOI has issued a notice about initiating anti-dumping investigation concerning imports of PAN originating in or exported from China, Indonesia, Korea and Thailand. The details are enclosed in the notice.
Cargo handling has been suspended at the outer anchorage of Chittagong seaport following the weather alert issued by the CPA. As the cyclonic storm ‘Amphan’ was moving towards the coast of Bangladesh, the meteorological department had hoisted danger signal. The CPA had already taken special measures.
Japan and India are Asia’s two major democracies. Japan is in need of a growth scenario. Hence, it will be important for Japan to expand its relationship with India, which is continuing to grow rapidly. However, due to sluggish bilateral trade and foreign direct investments in India driven by expectations, this economic relationship falls far short of its potential.
The APEDA has set up an EPF for the Mango industry. This is a joint initiative of the Ministry of Agriculture and Commerce. The Mango EPF will ensure supply chain of mango export in a focussed manner.
Cabinet approves additional funding of up to Rupees three lakh crore through the introduction of ECLGS. 100% credit guarantee coverage by NCGTC to Member Lending Institutions (MLIs). GECL facility to eligible MSME borrowers, including interested MUDRA borrowers. For this purpose, the corpus of Rs. 41,600 crore shall be provided by Government of India spread over the current and the next three financial years.
The State Government of Andhra Pradesh has issued revised instructions in the light of the extended lockdown period until 31st May 2020. The guidelines are issued in line with the ones issued by the MHA and are meant to be applied for the opening of Shops/Establishments in the Urban Areas.
The Indian Railways has issued a notice in regards to the delivery of the goods to the destination in the absence of an RR and unavailability of the indemnity bond. The guidelines for the same is now extended to be valid until 31st May 2020.
India and Bangladesh signed an agreement to operationalise five new ports of call and two new protocol routes to boost the bilateral trade. High Commissioner of India in Bangladesh, Riva Ganguly Das, and Bangladesh Shipping Secretary Mohammad Mezbah Uddin Chowdhury signed the 2nd Addendum to the Protocol on Inland Water Transit and Trade in Dhaka.
The GOI has issued a notice about India and Bangladesh signed an agreement to operationalise five new ports of call and two new protocol routes to boost the bilateral trade. The 2nd Addendum to the Protocol on Inland Water Transit and Trade was signed in Dhaka.
PTI Shortage of labour and equipment operators amid the nationwide lockdown is resulting in shipments not getting unloaded for up to 10-15 days of the arrival of the container at the CFS. CFS operators allegedly refuse to pay heed to the directives from the DGS not to charge the storage charges from the consignees during the lockdown days.
Trucks are stranded at warehouses, and the level of idle trucks is now close to 70 per cent. Even as the government eases restrictions on industrial activity in a graded manner under Lockdown 4.0, migrant workers' return to their homes has increased the trouble for the transport industry. The scarcity has also led to freight rates shooting up in the range of 15-20 per cent currently.
The Rubber Board has informed that the rubber growers can contact Rubber Board call centre for advice on diseases affected in rubber during the rainy season and its control measures.
The GOI has issued a notice in regards to import of milk and dairy products into India. It has been made mandatory under the Food Safety and Standards Regulations that a veterinary certificate from the competent authority of the exporting country will be issued; else the milk and milk products from that country will not be imported into the country.
The APEDA has set up an EPF for the Onion industry. This is a joint initiative of the Ministry of Agriculture and Commerce. The Onion EPF will ensure supply chain of banana export in a focussed manner.
The EU has raised the restrictions on capsicum imported from India and Pakistan due to the high rate of non-compliance with pesticide norms. They have made it mandatory for shipments to be accompanied by an official certificate stating that the items were free of pesticide residues.
The Indian polymer producers have restarted their plants and were building up inventories to service both, a lift in export orders and in anticipation of a rise in demand post a nationwide lifting of the lockdown across India. The demand from China for select polymers has lifted. Given that polymer prices are currently quite attractive, inquiries for Indian PP, PE and PVC have reportedly lifted.
Cyclone Amphan is moving north-northeast across the Bay of Bengal area. It is likely to make landfall as a very severe cyclonic storm in India's West Bengal state and southern Bangladesh according to IMD. Ports on India's east coast are suspending berth operations and moving ships out of anchorage as a cyclone approaches.
In an effort to fully understand the benefit of digitising the BL, DCSA carried out a financial modelling exercise. According to the research, a comparison indicates that the total cost of processing paper bills is almost three times that of eBLs. The industry can potentially save more than $4 billion per year if 50% of eBL adoption is achieved. At present, adoption of e-AWB is over 68%.
Indian buyers have resumed purchases of Malaysian palm oil after a four-month gap following a diplomatic row. The buying spurred by a fall in domestic inventories and discounted prices. The renewed purchases come amid improving trade relations between the two countries after the formation of a new government in Kuala Lumpur.
Andhra Pradesh government have issued orders extending the incentives for MSMEs’. Pending Incentives of Rs.904.89 Crores to MSMEs will be released in two phases. The government issues the operational guidelines for implementation of the ReSTART Programme for MSMEs.
The GOI has issued a notice in the matter of continuation of anti-dumping duty on imports of Sodium citrate. The domestic industry has suffered a continued injury on account of dumped imports from China. The anti-dumping duty imposed under this notification shall be effective for a period of five years and shall be paid in Indian currency.
ECR has requested to empower the Zonal Railways for forfeiture of WRF to check fake indents. No indents shall be accepted for the destinations that have been restricted.
The Indian Railways have clarified that FIS is applicable only for train-load traffic and not wagon load.
The State Government of Maharashtra has issued revised instructions in the light of the extended lockdown period until 31st May 2020. The guidelines are issued in line with the ones issued by the MHA and are meant to be applied for the opening of Shops/Establishments in the Urban Areas.
Based on FEDAI’s request, Reserve Bank of India has permitted further extension in the relaxations in forex regulations due to the extended lockdown period. AD Banks may permit the corporate to take delivery of the overdue contract or cancel and pass the gains. It’s applicable for contracts maturing till May 30, 2020. Banks are advised to be cautious while extending these relaxations.
The APEDA has set up an EPF for the Banana industry. This is a joint initiative of the Ministry of Agriculture and Commerce. The Banana EPF will ensure supply chain of banana export in a focussed manner.
The West Bengal government has issued a new set of guidelines that explain the activities that will be allowed and those that will be prohibited across the state. The movement of people and vehicles and the relaxed measures in the colour coded zones, etc. are mentioned in the guidelines which are in line with the measures issued by the MHA.
Since the lockdown has been extended until 31st May, the Uttar Pradesh government has issued a new set of guidelines that explain the activities that will be allowed and those that will be prohibited across the state. The movement of people and vehicles and the relaxed measures in the colour coded zones, etc. are mentioned in the guidelines which are in line with the measures issued by the MHA.
The Rajasthan State Government has issued the lockdown 4.0 implementation in line with the guidelines issued by the MHA. The measures will be valid from the 18th to 31st May 2020. The activities that will be allowed and those that will be prohibited across the state are mentioned in the same.
APEDA has been instrumental in setting up the Farmer Connect Portal. It is a digital platform that is also available as a mobile App to connect farmers with the FPOs, FPCs and cooperatives with the exporters.
American and European retailers are filing for bankruptcies due to the coronavirus pandemic crisis. The Indian creditors who have unsecured outstanding dues with the companies are feeling the pressure. It is estimated that the Indian creditors have outstanding dues in excess of $50 million.
The Marine Products Export Development Authority (MPEDA) announced that it has developed a testing protocol for formaldehyde adulteration in seafood. This adulteration poses serious challenges on food safety and has the potential to become an irritant in India's seafood exports to various markets. A validated method for detecting formaldehyde in seafood is by using high-performance liquid chromatography (HPLC).
Closed shutters of major fashion retailers in the US and EU countries along with other developed nations owing to the ongoing Covid-19 lockdown has left textile mills baffled with around 80% orders cancelled in the last couple of months. The coronavirus lockdown has taken a severe toll on textiles facing high cancellations from across the globe. Demand in the apparels segment has shrunk as most front-end retail stores in developed countries are shut since the last eight weeks.
The CBIC has issued a notice stating that the electronic RFID sealing of goods must be either deposited or removed from the Customs Bonded Warehouses. The stakeholders have addressed this and the Board has decided to review the modalities. A comprehensive circular will soon be issued about this matter.
MHA has announced that according to the NDMA orders, the lockdown measures implemented to contain the COVID 19 pandemic must continue to follow until the 31st April 2020. A list of revised guidelines has been announced as well. And, the state governments of all the states have been directed to strictly follow the mentioned order.
The Tamil Nadu government has issued a list of guidelines to be followed due to the extended lockdown period until the 30th May 2020. The guidelines are in line with the ones issued by the MHA. The list of activities allowed and the ones prohibited are mentioned in the issued order.
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