Import/Export Industry Notifications

Maharashtra has taken the lead in sugar exports for the 2020-21 season, accounting for close to 50% of the country’s total exports so far. According to industry sources, export contracts for 43 lakh tonnes of sugar have been signed. Of this, about 20 lakh tonne has been contracted from Maharashtra.

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The United States has notified that India has been added to the list of countries that have been affected by African swine fever, imposing restrictions on the import of pork and pork products from the country.

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The first-ever COOPEXCIL has been set up under the National Cooperative Development Corporation (NCDC) stewardship; a cooperative focused financial organisation under the Union Agriculture Ministry to show direction to the cooperatives in exporting their value-added products.

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In exercise of the powers conferred under para 1.03 and 2.04 of the Foreign Trade Policy 2015-2020, the Director-General of Foreign Trade inserts a new provision under S.No. 6 of Para 1 Appendix 2K. Annual updation of IEC during the period April to June as per Para 2.05 of HBP. No fee shall be charged on the application for updation b/w April to June of each year.

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In exercise of powers conferred by Section 5 of the Foreign Trade Act, 1992, in Para 1.01, the phrase ‘shall remain in force up to 31st March 2021, unless otherwise specified’ is substituted by ‘shall remain in force up to 30th September 2021 unless otherwise specified. In para 4.14, 5.01(a), and 6.01(d) (ii), the date 31.03.2021 is substituted by 30.09.2021.

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While the Suez Canal blockage by the 20,000 teu containership Ever Given was cleared after six days, Maersk expects to see the impact across the global supply chain with significantly reduced capacity and equipment shortages, which have dogged the sector since the second half of last year.

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In collaboration with the Secunderabad Railway Division, the Container Corporation of India (CONCOR) has started the first rake of door-to-door container movement of cement.

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On Wednesday, the first freight train consisting of 50 wagons of high-speed diesel was run on the newly constructed New Palanpur-Madar section of the Western Dedicated Freight Corridor (WDFC).

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Pakistan’s newly-appointed Finance Minister Hammed Azhar said that Islamabad had decided to import cotton and sugar from India as the commodities imported from other countries were priced higher. Razak added that the committee’s decision would be placed before Pakistan Cabinet for approval before a notification is issued.

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