Import/Export Industry Notifications

Because of the congestion in the ports of the UK (London Gateway + Southampton), the operational costs have significantly increased over the past weeks. CMA CGM will be increasing the Port Congestion Surcharge from India to all UK ports (London Gateway + Southampton). It will be USD 200 per TEU.

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The Commerce Ministry has communicated to the Finance Ministry to immediately restore duty-free import of export inputs used by the garment, leather, and handicraft sectors. Removal of the duty-free status in the Budget 2021-22 has impacted exports worth Rs 5,000 crore.

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India's new rules to trace the country of origin came under fire at the trade policy review (TPR) at the World Trade Organisation when India's free trade partners raised questions over the new rules.

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Air Cargo Complex has issued Public Notice No. 146/2021 dated 11 March 2021 regarding receipt ofeBRC for the exports made during the period of 01 April 2014 to 31 March 2020, as per RBI BRC Module. The RBI BRC Module (RBI MIS Reports), launched on 26.06.2014, is applicable for S/Bills with LetExport Order (LEO) dates from 01 April, 2014 onwards.

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Over 300 apparel manufacturers and exporters shut down their units, which has affected the production worth Rs. 150 crores. The protest is happening because of the sudden surge in the prices of yarn.

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The month's winter storm and the result of sub-freezing temperatures on both commerce and activity at Port Houston ended in a tough month as vessel calls and terminal activities were suspended. Port Houston leadership's decision to halt operations due to the treacherous storm was made to err on the side of safety to ensure the well-being of employees, longshore workers, truckers, and others.

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Exporters in hinterland facing container shortage can get a 50% rail transportation discount from April 1 if they use Container Corporation of India's services to haul empty boxes from ports.

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Hrushikesh Reddy, the Deputy Director-General of Foreign Trade (DGFT), Hyderabad, said that Jayashankar Bhupalpally and Mulugu districts had been identified as potential areas for export of chilli produce considering the extensive cultivation of chilli in these districts.

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India plans to increase the eligibility criteria for automakers to qualify for financial subsidies under the production-linked incentive (PLI) scheme, said two people directly aware of the developments. The revised rules are expected to primarily benefit companies with high levels of vehicle exports and the ability to continue growing them.

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