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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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Change of office address of Regional Authority, Ahmedabad.
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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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.
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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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