Export/Import Updates!

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EXIM News UPDATES
April 13, 2021

HELLENIC SHIPPING | First ONE double stack export container train flagged off to Pipavav Port by GatewayRail

April 13, 2021

The first double stack train was flagged off from ICD Gurugram (Garhi Harsaru) to APM Terminals Pipavav by GatewayRail Freight Ltd. (a subsidiary of Gateway Distriparks Ltd.) and Ocean Network Express (ONE), which will provide a secured connection to exporters. The double-stack train transported 180 TEUs in a single journey.

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April 12, 2021

THE HINDU | Govt. looking to export 5,000 tonnes of mangoes

April 12, 2021

The Horticulture Department has set an ambitious target of exporting 5,000 metric tonnes (MT) of mangoes to multiple destinations worldwide this year.

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April 12, 2021

TELEGRAPH INDIA | Calcutta Port Trust posts 26% surplus hike

April 12, 2021

Calcutta Port Trust (CPT) has recorded its highest-ever net surplus in at least a decade in 2020-21, a year initially ruined by the unprecedented disruptions caused by the pandemic. The port managed to log in a 7.3% rise in revenue, backed by higher port charges, land revenue and new cargo and cost control measures.

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April 12, 2021

TOI | Customs dept confiscates wrongly declared consignment

April 12, 2021

In action against the wrong declaration of an import consignment, the customs commissionerate of Ludhiana has confiscated goods at Container Freight Station, Overseas Warehousing Private Limited, (CFS-OWPL), Ramgarh.

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April 12, 2021

FINANCIAL EXPRESS | Over Rs 35,000-crore export aid held up amid trade recovery

April 12, 2021

According to trade sources, the government is holding back export benefits worth at least Rs 35,000 crore under the Merchandise Export from India Scheme (MEIS), including sizeable funds traceable to FY20. The RoDTEP scheme is on a “solid footing” and is in sync with best global practices, so the government shouldn’t worry about any challenge at the WTO, Sahai asserted.

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April 12, 2021

BUSINESS TODAY | India's top-12 ports witness 4.59% fall in cargo handling to 673 MT in FY21

April 12, 2021

According to ports' apex body IPA,  India's 12 major ports witnessed a 4.59% fall in cargo handling to 672.60 million tonnes (MT) in the just-concluded financial year after being hit by disturbances caused by COVID-19.

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April 12, 2021

THE HINDU | India’s plans to step up oilseed output, extend sugar export subsidies questioned at WTO

April 12, 2021

India’s plans to expand domestic oilseed production and cut vegetable oil imports worth $10 billion a year has come under World Trade Organization scrutiny with several members.

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April 12, 2021

THE HINDU |Extend interest subsidy scheme for exporters

April 12, 2021

The Reserve Bank on Wednesday said a scheme providing interest subsidy for post and pre-shipment export credit had been extended by a year till March 31, 2021, a move which would give relief to exporters.

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April 12, 2021

BUSINESS STANDARD | India exports 2.49 mn tonne of sugar so far, maximum to Indonesia: AISTA

April 12, 2021

Trade body AISTA said on Monday that the sugar mills had exported 2.49 million tonnes of the sweetener so far in the ongoing 2020-21 marketing year ending September, with maximum shipments to Indonesia.

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April 12, 2021

PIB | Shri Piyush Goyal launches “DGFT Trade Facilitation App”

April 12, 2021

Shri Piyush Goyal launches “DGFT Trade Facilitation App” for Providing instant access to Exporters/Importers any time anywhere. Shri Goyal says the Trade facilitation App is ready for Industry 4.0.

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April 12, 2021

THE HINDU | Vietnam begins buying higher grade rice from India

April 12, 2021

Vietnam, which recapitulated rice imports from India after decades of purchasing lower-priced 100%  broken variety, has now begun to buy better quality grades to meet its other domestic needs.

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April 12, 2021

THE WESTERN PRODUCER | Indian chickpea woes unlikely to benefit peas

April 12, 2021

According to industry analysis, India's chickpea crop will be much smaller than the government is forecasting, but that is unlikely to reopen the door to Canadian yellow pea exports to that market. Imported yellow peas can be used as a substitute for Indian desi chickpeas in years when there are supply issues; IGrain director Rahul Chauhan thinks that unlikely.

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April 12, 2021

RBI | Extention of Interest Equalization Scheme for Pre and Post Shipment export credit

April 12, 2021

Government of India has approved the extension of Interest Equalization Scheme for Pre and Post Shipment Rupee Export Credit, with same scope and coverage, for three more months i.e. upto June 30, 2021

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April 11, 2021

NEWS18 | SpiceXpress Launches Scheduled Cargo Flight Services Connecting Mumbai, Delhi With Bangkok

April 11, 2021

SpiceJet’s dedicated cargo arm SpiceXpress launched scheduled cargo flights connecting Mumbai and Delhi with Bangkok, the company said on Friday. Besides Bangkok, SpiceJet operates scheduled cargo flights to Singapore, Hong Kong and Bangladesh.

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April 11, 2021

THE HINDU | Centre to certify shrimp farms

April 11, 2021

To reinforce confidence in India’s frozen shrimp produce, the country’s most important seafood export item, the Centre has kicked off a new scheme to certify hatcheries and farms that adopt good aquaculture practices.

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April 11, 2021

DGFT | Notification No. 01/2015-2020

April 11, 2021

Amendment in export policy of injection Remdesivir and Remdesivir API. The export of these injections falling under the ITC HS codes Ex 293499 and Ex 300490 have been prohibited with immediate effect.

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April 11, 2021

BUSINESS STANDARD | Exporters remain optimistic with weaker rupee and low interest rates

April 11, 2021

The Indian rupee fell 105 paise against the US (United States) dollar on Wednesday, soon after the Reserve Bank of India (RBI) announced its monetary policy. By Friday noon, the rupee had fallen to Rs 74.94 to a US dollar. This can make exports more rewarding, imports more expensive and boost customs revenues.

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April 10, 2021

NDTV | Exports Up 297% In First Week Of April 2021

April 10, 2021

The country's goods exports posted a 297.2% increase (year-on-year) in the first seven days of this fiscal to $6.79 billion and by 8.42% (YoY) over the corresponding period of 2019-20. Imports in the first week of 2021-22 (April 1-7) increased 244.2% to $ 9.66 billion and decreased by 0.65% (YoY) over 2019-20 during the week.

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April 9, 2021

THE HINDU | High ocean freight may lead to a slow start in rice exports

April 9, 2021

After record exports of around 12 million tonnes (mt) of non-basmati rice during 2020-21, exporters are convinced of sustaining the trend this fiscal. However, high ocean freight may lead to a slow start in rice exports.

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April 9, 2021

HELLENIC SHIPPING | Container markets face high rates and cancelled sailings after Suez incident

April 9, 2021

Market sources said that a new round of cancelled sailings by leading container shipping lines could be unavoidable after the six-day disruption to Suez Canal transit last month further deteriorated schedule reliability for shipments from Asia to East Coast North America.

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April 9, 2021

ET | Transporters stare at $2.4 billion loss in April because of lockdowns

April 9, 2021

The trade is estimated to suffer $2.4 billion, Rs. 17,800 crores of revenue loss in April, as per some of the leading transporters. This might affect the GDP growth, projected at 10.5% by the central bank for the current discal year.

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April 9, 2021

ET | Govt seeks to step up monitoring of imports

April 9, 2021

The government is contemplating expanding the import monitoring system to electrical machinery, machinery and mechanical appliances, certain metals, chemicals, and plastics to devise a strategy to better understand imports.

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April 9, 2021

MONEY CONTROL | India’s cotton exports surge despite COVID-19 hurdles in 2020

April 9, 2021

Even though there were lockdown and restrictions, India’s export of cotton doubled in 2020 (April-December) compared to the previous year over the same period, shows official data.

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April 9, 2021

NEW INDIAN EXPRESS | Gujarat to the rescue of Tiruppur garment units

April 9, 2021

The Gujarat Spinners Association has affirmed to supply of yarn to garment units in Tiruppur. The assurance was given during a virtual meet organised by AEPC with members of the association recently.

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April 9, 2021

OUTLOOK INDIA | Exports from Indore SEZ jump 24.5 pc to Rs 11,944 cr in 2020-21

April 9, 2021

A commerce ministry official said that the soaring demand, especially for medicine, amid the global coronavirus outbreak pushed up the exports from the Indore Special Economic Zone (SEZ) by around 24.5% to nearly Rs 11,944 crore in 2020-21.

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April 9, 2021

MENAFN | Delhi High Court orders IGST refund to exporters who claimed duty drawback

April 9, 2021

In a significant relief to exporters across the country, the Delhi High Court has directed the Central Board of Indirect Taxes and Customs (CBIC) to grant the Integrated Goods and Services Tax (IGST) refund paid on the export of goods by exporters.

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April 8, 2021

FINANCIAL EXPRESS | US to India: Explain new agri cess, RoDTEP scheme

April 8, 2021

The RoDTEP scheme has, from January 1, replaced the Merchandise Exports from India Scheme (MEIS). It was successfully challenged by the US at the WTO on ground of being inconsistent with global trade norms.

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April 8, 2021

CMA CGM | Regulation changes in India Sea Cargo Manifest and Transshipment Regulations (SCMTR), 2018 effective 15th April 2021

April 8, 2021

In continuation to CMA CGM's previous advisory dated 21st August 2019 - #Ref no. CCAI-184-210819, on Sea Cargo Manifest and Transhipment (Amendment) Regulations, 2019, Notification No. 39/2021-Customs (N.T.) dated 31st March 2021, which hereby confirms "15th April 2021" as the official GO LIVE date for the implementation of Sea Cargo Manifest and Transhipment Regulations, 2018.

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April 8, 2021

THE HINDU | Rate hikes and new charges show Mundra Port’s ability to dictate terms

April 8, 2021

Mundra Port, India’s most prominent commercial port by volumes and the flagship of Adani Ports and Special Economic Zone Ltd (APSEZ), is mounting ahead year after year, but the hike in rates both on the marine and rail side from April 1 reflects its ability to dictate terms to users on the back of its growing clout in ports.

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April 8, 2021

INDIA SEATRADE | DP World Mundra becomes the first container terminal in Gujarat to handle 10mn containers

April 8, 2021

Mundra International Container Terminal’s Global Logistics Company DP World has set yet another record for being the first container terminal in Gujarat to successfully handle more than 13 million TEUs (twenty-foot equivalent units) and 10 mn Containers since its inception.

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April 8, 2021

THE HINDU | Container shortage, rising freight rates hit pharmaceutical exports

April 8, 2021

Since October, a shortage of empty containers, particularly reefer containers, and an almost 60%  surge in freight rates have hit export of pharmaceutical shipments from India.

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April 8, 2021

INDIAN EXPRESS | Dip in exports pushes onion prices down

April 8, 2021

Increasing freight charges and the latest certification norms have unfortunately slowed down onion exports, which has seen the average traded price of the bulb fall in wholesale markets in Maharashtra.

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April 8, 2021

DAIJI WORLD | India's knitwear hub Tiruppur faces shut down amid Covid

April 8, 2021

Knitwear hub of the country, garment manufacturers of Tamil Nadu's Tiruppur, are worried as the second wave of Covid pandemic sweeps across the world. Export orders worth millions of dollars stand cancelled as many European countries see shutdowns in the wake of surging Covid cases.

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April 8, 2021

ET | Global supply lines struggle to clear container backlog after Suez chaos

April 8, 2021

Industry sources say that a backlog of container ships carrying consumer goods has increased in some key strategic ports after a near week-long blockage in the Suez Canal, adding to continuous global trade disruptions. The suspension of sailings through the waterway left shipping companies, including container lines, with millions of dollars in extra costs, which were not covered by insurance.

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April 7, 2021

BUSINESS WORLD | Transporters Fear Disruption In Services Due To Restrictions On Account Of COVID Surge

April 7, 2021

On Tuesday, Transporters body AIMTC said that it fears disruptions in services due to several states' restrictions, including Maharashtra and Delhi, due to a surge in coronavirus cases and demanded hassle-free goods movement.

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April 7, 2021

THE LOADSTAR | Shipping lines agree T&T digital standards and call for 'widespread adoption

April 7, 2021

The Digital Container Shipping Association (DCSA) said on 7th March that most of its members had adopted T&T standards, enabling an API that allows shippers real-time, cross-carrier data on their containers.

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April 7, 2021

THE LOADSTAR | Sudden increase in demand for China-Europe rail services, post-Suez

April 7, 2021

Forwarders in China are stating a sudden spike in demand for Silk Road rail freight, post-Ever Given. As per Shanghai-based Marco Reichel, space on trains to Europe was already tight before the week-long Suez blockage.

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April 7, 2021

THE HINDU | Concor calls EoI from local box manufacturers

April 7, 2021

Concor has called an expression of interest on Wednesday from prospective local container manufacturers ahead of launching a competitive bidding process to buy 6,000 containers as India looks to cut dependence on China for procuring the equipment amidst an acute shortage of containers facing exporters.

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April 7, 2021

THE HINDU | Cereals lift farm exports to $17.5 billion in April-Feb

April 7, 2021

Exports of farm products monitored by the Agriculture and Processed Foods Development Authority (Apeda) advanced by a fifth to top $17.5 billion amidst the April-February period of the last fiscal compared with $14.5 billion in the same period the previous fiscal. The export growth is caused by the supply disruptions caused by Covid-induced lockdown.

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April 7, 2021

DGFT | Public Notice No. 52/2015-2020

April 7, 2021

Change of office address of Regional Authority, Ahmedabad.

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April 7, 2021

RBI | RBI repo announcement: Exporters say banks not passing on benefits of low interest rate to businesses

April 7, 2021

Even though Reserve Bank of India’s lower interest rate regime is intended to support industry growth facing a liquidity crisis, banks are still not fully transmitting the benefits of the rates to exporters and end-customers at large, exporters say.

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April 7, 2021

KNN INDIA | Regulations tightened for identity verification of exporters, importers & CHAs

April 7, 2021

The government has notified verification regulations named Customs (Verification of Identity and Compliance) Regulations, 2021, for new importers, exporters, and customs brokers.

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April 6, 2021

BUSINESS STANDARD | Surrender proportionate incentives to remit export claims

April 6, 2021

As per Para C.22 of RBI Master Direction no. 16/2015-16 dated January 1, 2016 (as amended), on “Export of Goods and Services,” AD Category-I ban­ks may remit export claims on application, provided the relative export proceeds have already been realised and repatriated to India. The exporter is not on the caution list of the RBI.

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April 6, 2021

TOI | Nashik: 1.20 lakh tonne of grapes exported this season

April 6, 2021

The district has exported 1.20 lakh tonne of grapes to date for the ongoing season (December to April) compared to 1.16 lakh tonne exported in the 2019-20 season.

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April 6, 2021

THE HINDU | Adani’s Mundra Port pips JNPT to become India’s biggest container port

April 6, 2021

Mundra Port, India’s most prominent commercial port by volumes, has gained another distinction in container handling by overtaking State-run Jawaharlal Nehru Port Trust (JNPT) to become the leader by handling 5.65 million twenty-foot equivalent units (TEUs) in FY21, posting a growth of 18% over the previous year.

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April 6, 2021

THE HINDU | US wants technical cooperation with FSSAI

April 6, 2021

The US wants to engage in technical cooperation with the Food Safety and Standards Authority of India (FSSAI) to develop alternatives to the ‘non-GM (genetically modified) origin and GM-free certificates’ that have been mandated by India for certain agricultural imports.

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April 6, 2021

THE HINDU | Pesticide residue in paddy: Centre to develop SOP for two formulations, but exporters want more

April 6, 2021

The Union Ministry of Agriculture and Farmers’ Welfare has started an initiative to develop a standard operating procedure (SOP) for two pesticides so that paddy farmers can develop good agricultural practices and avoid the presence of their residues in rice exports.

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April 6, 2021

THE HINDU | Pesticide residue in paddy: Centre to develop SOP for two formulations, but exporters want more

April 6, 2021

The Union Ministry of Agriculture and Farmers’ Welfare has started an initiative to develop a standard operating procedure (SOP) for two pesticides so that paddy farmers can develop good agricultural practices and avoid the presence of their residues in rice exports.

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April 6, 2021

HAPAG LLOYD | Port of Los Angeles / Long Beach: Customs Clearance for Rail Containers to assist with Congestion

April 6, 2021

Terminal congestion, rail car, truck power, and chassis shortages persist in Southern California. Hapag-Lloyd recommends customers clear US customs at the ports in Los Angeles and Long Beach for all containers being transported inland by rail.

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April 6, 2021

FRESH PLAZA | Off-season rain delays arrival of mangoes in Indian markets

April 6, 2021

Goa markets are receiving local mango variants abundantly at this point. This season, however, delayed flowering has led to the late arrival of the Goan Mancurad, Hilario, and Xavier varieties.

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April 6, 2021

LIVE MINT | The dark side of India’s solar gamble

April 6, 2021

In December, news reports indicated that the ministry of new and renewable energy had suggested a 20% basic customs duty (BCD) on the solar module and cell imports. Fast forward three months that has gone up to a proposed duty of 40% on solar photo-voltaic (PV) modules and 25% on solar photo-voltaic cells from April 2022.

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April 6, 2021

ZEE5 NEWS | Human Hair Being Smuggled to China Via Myanmar by Chinese, Indian Traders Alert DRI

April 6, 2021

As per a report, Indian exporters and processors have written to the Directorate of Revenue Intelligence (DRI) alleging that Chinese nationals were carrying out illegal human hair trade by under-invoicing hair and smuggling it from Hyderabad to China via Myanmar.

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April 6, 2021

OUTLOOK INDIA | Govt makes identity verification mandatory for new importers, exporters

April 6, 2021

It is now mandatory for new importer, exporter, and customs broker to verify their identity, including incorporation document, PAN, Aadhaar, and physical verification of place of business. The Customs (Verification of Identity and Compliance) Regulations, 2021, also gives customs authorities power to undertake identity verification of existing importers, exporters, and customs brokers.

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April 6, 2021

NEWS18 | Washington State Apple Exports Drop Substantially In 2020-21

April 6, 2021

Washington state apple industry officials have stated that the fruit’s exports had dropped extensively compared to recent years’ figures. The state exported 18.8 million 40-pound (about 18 kilograms) boxes of apples from the 2020-21 crop as of last week, which is down 20.5% from this time last year and down 16.4% compared to the 2018-19 shipping season.

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April 5, 2021

FINANCIAL EXPRESS | Defying the Covid-19 pandemic: Buoyant exports of ‘core’ products signal trade edge

April 5, 2021

India’s exports of 'core' products, or goods excluding petroleum and gems & jewellery, have accelerated faster than that of overall merchandise exports month after month since May 2019, belying even Covid-induced disruptions.

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April 5, 2021

CHENNAI UPDATES | Krishnapatnam port set to become the gateway of South India

April 5, 2021

Krishnapatnam port set to become the gateway of South India. With Krishnapatnam set to double its traffic, this gateway location and connectivity will drive manufacturing and industrial growth in Andhra Pradesh and all of South India.

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April 5, 2021

AITWA | The transportation sector shall continue as an essential goods service provider despite Maharashtra’s lockdown

April 5, 2021

While Maharashtra embraces another lockdown, the transportation sector continues its uninterrupted support to the Nation as an essential goods service provider.

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April 5, 2021

CBIC | Notification No. 20/2021 -Customs (ADD)

April 5, 2021

Seeks to impose definitive anti-dumping duty on imports of Flexible slabstock polyol originating in or exported from Saudi Arabia and United Arab Emirates for a period of five years.

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April 5, 2021

ET | CMA CGM, Hasti Petro Chemical receive 1st block train between Mundra, ICD Sanand

April 5, 2021

On Monday, Logistics major CMA CGM Group said it had received the first-ever block train from Mundra to Sanand in Gujarat jointly with Hasti Petro Chemical and Shipping.

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April 5, 2021

MONEY CONTROL | Freight traffic handled by 12 major ports in India contracted 4.6% Y-o-Y in FY21

April 5, 2021

Freight traffic handled by 12 major ports in the country contracted 4.6 percent year on year to 672.61 million tonne in FY 2020-21 due to disruptions caused by the COVID-19 pandemic, mainly in the first half of the year, data released on April 5 by the Indian Ports Association showed.

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April 5, 2021

ET | Suez Canal Authorities say backlog of ships is now cleared

April 5, 2021

The final 85 ships passed through the waterway on Saturday. According to Egyptian authorities, the queue of hundreds of ships built up around the Suez Canal after the grounding of the Ever Given vessel has been cleared.

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April 5, 2021

MENAFN | Vietnam, Thailand rice price drops but India's export orders remain undented

April 5, 2021

Vietnam and Thailand's exported price rate has reduced sharply in the last couple of weeks. A price reduction will help the exporters of these two countries to regain competitiveness. However, India is not worried yet as its export contracts are intact, and there are no indications that they will drop.

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April 4, 2021

CONCOR | Initiative taken by CONCOR to boost exports

April 4, 2021

Discounts offered by CONCOR to boost export. To cater to demand, CONCOR, India has reduced Rail Freight for movement of empty containers from various Gateway Ports to CONCOR ICDs/Private Sidings/CRT by 50% w.e.f. 01/04/2021 to 31/05/2021.

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April 4, 2021

ALL INDIA RADIO NEWS | Public transport services will remain suspended- Bangladesh Government

April 4, 2021

Bangladesh government has announced that all types of public transport services, including roads, waterways, railways, and domestic flights, will remain suspended during the country's week-long lock-down starting from Monday.

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April 4, 2021

MONEY CONTROL | US outlines long list of import restrictions against American goods in India

April 4, 2021

From import bans on chemicals, pesticides, and grains, to licensing requirements for capital goods and arbitrary customs valuations, the United States has revealed a long list of grouses over India's import policies.

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April 4, 2021

KRISHI JAGRAN | India Opposes China’s Fresh Barriers on Shrimp Import at WTO

April 4, 2021

India questioned China’s decision to put fresh barriers on importing shrimp at the WTO Committee on Sanitary and Phytosanitary Measures. India also challenged the validity of the continued ban on buffalo meat from the country.

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April 4, 2021

DAWN | Ginners oppose cotton imports from India

April 4, 2021

On Saturday, the Pakistan Cotton Ginn­ers Association (PCGA)strongly opposed India's cotton imports, maintaining that the move would discourage local growers from sowing this cash crop.

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April 4, 2021

LIVE MINT | Customs authorities launch drive to clean up key Indian ports

April 4, 2021

Customs authorities have launched a drive to clean up main ports in the country where potential explosive material that arrived on Indian shores as part of scrap imports has caused significant concern among the authorities.

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April 4, 2021

LIVE MINT | Government makes import registration compulsory for host of aluminium, copper products

April 4, 2021

The commerce ministry has made import registration compulsory for 46 copper and 43 aluminium items under non-ferrous metal import monitoring systems, which could discourage inbound shipments of such goods and promote their local manufacturing.

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April 4, 2021

THE HINDU | RoDTEP Scheme: Revenue Dept vetting Pillai panel’s report on refund rates

April 4, 2021

The Department of Revenue is vetting the duty refund rates for exporters proposed by the GK Pillai Committee in its full report on the new Remission of Duties and Taxes on Exported Products (RoDTEP) scheme. And will take a call on whether to go with the suggested rates or lower them to keep expenditure in check, sources tracking the development have said.

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April 4, 2021

MARITIME GATEWAY | India to begin full-scale operations at Chabahar Port by May-end

April 4, 2021

By the end of May, India will begin full-scale operations in its first foreign port venture at Iran’s Chabahar Port, a facility that opens on the Gulf of Oman. This will help New Delhi facilitate more South Asia, Central Asia, and Middle East trade while bypassing Pakistan.

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April 3, 2021

ET | Maruti Suzuki gets notice from customs, DRI for allegedly evading duty over ‘dubious’ hybrid tech

April 3, 2021

Directorate of revenue intelligence (DRI) and customs authorities have served a show-cause notice to Maruti Suzuki India (MSIL) for allegedly evading around Rs 71-crore duty over ‘dubious’ hybrid technology used in Ciaz, Ertiga, and S-cross.

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April 3, 2021

TOI | Engineering exports jump over 70% in March

April 3, 2021

In a significant rebound of trade since the onset of the Covid-19 pandemic, exports of engineering goods from the country recorded an impressive 70.28% growth in March.

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April 3, 2021

BUSINESS STANDARD | Export outlook uncertain as Covid-19 cases in India rise again

April 3, 2021

Goods exports witnessed a sharp growth in March; however, experts cautioned the rise might not sustain as rising Covid-19 cases in India and abroad lead to uncertainty. According to the government's preliminary data on Thursday, merchandise exports hit a record high of $34 billion, up 58% year-on-year in March.

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April 3, 2021

LIVE MINT | CBIC gives flexibility in paperwork to importers

April 3, 2021

The Central Board of Indirect Taxes and Customs (CBIC) has reestablished flexibility in paperwork to those importing goods from five neighbouring countries. This came after the industry pointed out that a change introduced in Finance Act 2021 was hard to comply with.

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April 2, 2021

BS | India's exports jump 58% to hit all-time high of $34 billion in March

April 2, 2021

India’s merchandise exports witnessed a massive jump of 58% year-on-year (YoY) and touched a record $34 billion in March, indicating a recovery in demand, preliminary data released by the government showed. Sequentially, the growth in merchandise exports was 21%.

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April 2, 2021

INDIAN EXPRESS | Agreement signed for Palwal to Sonipat Orbital Rail Corridor

April 2, 2021

Haryana Rail Infrastructure Development Corporation Limited was constituted with an aim to provide eco-friendly and seamless connectivity as a cost-effective and sustainable mode of transport that will enable polycentric growth in Haryana.

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April 2, 2021

ET | Exports of foreign subsidiaries accounted for 33 pc of their total sales in FY20

April 2, 2021

Exports of foreign subsidiaries in India estimated 32.6% of their total sales in 2019-20, as per RBI. The RBI on Thursday released the provisional results of the 2019-20 round of the annual census on foreign liabilities and assets (FLA) covering cross-border liabilities and assets of the entities with inward/outward direct investment.

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April 2, 2021

THE HINDU | Coffee exports gain aroma on higher global prices despite fall in volume

April 2, 2021

Even though there is a 4% decline in volumes at 3.129 lakh tonnes (lt), India’s coffee exports registered marginal growth in dollar value terms at $740 million for the year ending March 31, 2021. The dip in volumes was mainly based on poor demand from the leading buyers in Europe, such as Italy and Germany, where Covid-led lockdowns impacted out-of-home consumption.

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April 2, 2021

THE HINDU | Maharashtra Cabinet to consider internal transport subsidy for sugar mills in State

April 2, 2021

Next week, the Maharashtra Cabinet will consider a proposal to offer ₹1,500 a tonne internal transport subsidy to sugar mills in the State for sales in the domestic market, as part of efforts to help the industry tide over the current financial crisis.

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April 2, 2021

DGFT | Notification No. 58/2015-2020

April 2, 2021

Amendment of Importer-Exporter Code (IEC) related provisions under Chapter-1 and Chapter-2 of Foreign Trade Policy, 2015-2020- reg. IEC holders are legally required to update and validate their IEC details.

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April 2, 2021

CONTAINER NEWS | Maersk reduces booking acceptance globally due to Suez Canal blockage

April 2, 2021

Maersk said it has lost almost a week of capacity due to the Suez Canal blockage and has decided to temporarily reduce its booking acceptance, so the company can ensure the booked cargo's delivery.

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April 2, 2021

THE USGLASS NEWS NETWORK | Sixteen Countries Face Anti-Dumping Duties Following USITC Determination on Aluminum Sheet

April 2, 2021

The U.S. International Trade Commission (USITC) announced a collective decision that unfairly traded imports of common alloy aluminum sheets from 16 countries have materially injured U.S. producers. The USITC’s determination concludes investigations initiated following the filing of petitions requesting relief by the Aluminum Association’s Common Alloy Aluminum Sheet Trade Enforcement Working Group on March 9, 2020.

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April 2, 2021

THE HINDU | CIS tops the list of India’s tea exports

April 2, 2021

Tea Board has now released the export data up to January for fiscal 2020-21, which shows a drop in both the volume shipped and the value earned compared to 2019-20. In fiscal 2020-21 up to January, India’s export price rose to an average of ₹ 259.22 a kg from ₹ 228.02 for the same period in the previous fiscal.

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April 1, 2021

BUSINESS STANDARD | India, Mauritius FTA to come into effect from Apr 1

April 1, 2021

India and Mauritius signed the Comprehensive Economic Cooperation and Partnership Agreement (CECPA), a kind of free trade pact, on February 22. Many Indian products will enjoy the benefit of greater market access at concessional duties in Mauritius as the free trade agreement signed between the two countries will come into effect from April 1.

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April 1, 2021

THE TELEGRAPH | Exporters anxious about RoDTEP rate of reimbursement

April 1, 2021

The government on Wednesday extended the foreign trade policy by six months till September. Still, it did not announce the rates on a duty relief scheme for exporters announced in January. Exporters were disappointed that the government did not notify the reimbursement rate for the new scheme — Remission of Duties and Taxes on Export Products (RoDTEP).

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April 1, 2021

THE HINDU | Container volumes at JNPT dips 7% in FY21

April 1, 2021

Cargo containers handled at state-owned Jawaharlal Nehru Port Trust (JNPT) dipped 7.04% to 4.676 million twenty-foot equivalent units (TEUs) in FY21 from 5.031 million TEUs a year earlier.

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April 1, 2021

THE HINDU | Road transportation sector rebounds; outlook revised to Stable

April 1, 2021

The country’s logistics sector has witnessed a notable sequential recovery after experiencing severe disruption in Q1 FY2021 on account of the nation-wide lockdown.

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April 1, 2021

INDIAN EXPRESS | US exporters continue to encounter significant barriers in India

April 1, 2021

The Biden administration has alleged that US exporters continued to encounter significant tariff and non-tariff barriers that impede India's imports of its products. As per the report, India's US goods trade deficit was $23.8 billion last year, a 1.7% increase (USD 389 million) over 2019.

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April 1, 2021

FE | Farm to fork: Where did these grapes come from?

April 1, 2021

Agricultural and Processed Food Products Export Development Authority (Apeda) has integrated a Blockchain solution into its GrapeNet traceability platform under the ministry of commerce. Apeda’s Blockchain solution will help European Union importers track all details of grape consignments from India, right down to the location of the vineyard

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April 1, 2021

THE LOADSTAR | UK shellfish farmers threaten legal action over ban on exports to EU

April 1, 2021

A solicitor representing 20 shellfish firms told The Guardian group action was being analysed in response to government “negligence and maladministration” that has seen exports of live mussels, cockles, oysters and other shellfish caught in UK waters blocked from Europe.

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April 1, 2021

THE HINDU | Pakistan puts on hold its decision to import Indian cotton, sugar

April 1, 2021

Pakistan's cabinet on Thursday put a decision on hold made by the country's top economic decision-making body to allow imports of cotton and sugar from neighbouring India until Delhi reviews its 2019 move to revoke the Kashmir region's special status, the foreign minister said.

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April 1, 2021

CHEMEXCIL | Extension of exemption from Integrated Tax and Compensation Cess up-to 31.03.2022

April 1, 2021

Department of Revenue, Ministry of Finance, Government of India has issued Notification No. 23/2021-Customs dated 31st March 2021, which seeks to extend the exemption from Integrated Tax and Compensation Cess up to 31.03.2022 on goods imported against AA/EPCG authorization.

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April 1, 2021

DGFT | Trade Notice No. 01/2021-2022

April 1, 2021

Electronic filing and Issuance of Preferential Certificate of Origin (CoO) for India’s Exports under India-Mauritius Comprehensive Economic Cooperation and Partnership Agreement (IMCECPA) w.e.f. 01st April 2021.

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April 1, 2021

JOC | Carriers face mammoth port scheduling task post-Suez disruption

April 1, 2021

Container shipping lines are tossing port rotations to alleviate the coming post-Suez disruption at terminals serving Asia-Europe carriers as a wave of ships heads for ports at both ends of the trade.

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April 1, 2021

JOC | Suez delays push scrambling shippers into the air

April 1, 2021

Disruption to ocean markets from the almost week-long blockage of the Suez Canal has pushed up demand for air cargo out of Asia

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April 1, 2021

THE LOADSTAR | Anger as Maersk suspends contract bookings, sparking scramble for capacity

April 1, 2021

Maersk’s has decided to temporarily suspend spot and short-term contract bookings from Asia following the Suez Canal blockage. This has left forwarders and NVOCCs struggling for alternatives.

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April 1, 2021

THE LOADSTAR | UK shellfish farmers threaten legal action over ban on exports to EU

April 1, 2021

George Eustice, UK environment secretary, is coming under intensified pressure from the seafood industry, with two groups threatening legal actions. A solicitor representing 20 shellfish firms told The Guardian group action was being considered in response to government “negligence and maladministration” that has seen exports of live mussels, cockles, oysters, and other shellfish caught in the UK waters blocked from Europe.

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April 1, 2021

PLEXCONCIL | Regarding members inputs / concern while trading with CIS countries

April 1, 2021

Govt. has identified the Plastic sector as one of the sectors that engage with targeted CIS countries to enhance exports from India. DoC will organize VC meetings between the Plexconcil and the Indian mission to explore the possibilities of making inroads into these markets. Indian Missions has identified the potential market in the CIS Region viz Ukraine, Uzbekistan, Armenia, Georgia, Tajikistan, Turkmenistan.

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April 1, 2021

TELANGANA TODAY | World Logistics Passport creates hub in Hyderabad

April 1, 2021

The World Logistics Passport (WLP), a loyalty programme instituted to improve trading opportunities between emerging markets, is expanding in India – with Hyderabad registering as a hub and two subsidiaries of the GMR conglomerate registering as partners both operating in Hyderabad airport.

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