Import/Export Industry Notifications

This week, Chittagong Port Authority (CPA) doubled the rent for FCL import containers staying in the port yard for more than 11 days after the facility became flooded with uncollected boxes, disrupting Bangladesh’s prime gateway.
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Seeks to impose definitive Countervailing/anti-subsidy duty on imports of “Textured Tempered Glass” originating in or exported from Malaysia.

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India’s farm subsidy policies came under the radar at the World Trade Organization (WTO) amid the country’s trade policy review (TPR).  Members such as Canada, the US, and Australia complained that India had not declared its agricultural export subsidies for more than eight years, while Brazil held that India’s longstanding support measures for sugar had suppressed global prices by up to 25%.

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M Dhanavanthan, a cardamom exporter in Tamil Nadu's Bodinayakanur, said that Ramadan this year is expected to fetch a good demand because of its quality arrivals in India. However, the novel Coronavirus pandemic has dampened inquiries from the Gulf nations, including from the Gulf Food fest.

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India released the fifth draft of the Chemical (Management and Safety) Rules (CMSR) on August 24th, 2020. To create awareness CHEMEXCIL in association with Global Product Compliance (GPC), is organizing a webinar on Chemical Regulatory Updates in India on March 25th from 2.30 pm to 4.30 pm (IST).

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Vide notification dated 09.10.2019, FSSAI had notified Authorised officers at 150 food import Points of Entries under Section 25 read with Section 47 (5) of FSS Act and Regulation 13(1) of FSS (Import) Regulations, 2017. FSSAI has partially modified it with effect from 10.03.2021 for the jurisdiction of food import entry points mentioned in Annexure 1 for the clearance process.

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A higher incidence of rejection of IGST Scrolls due to Invalid IFSC (TPE0014) is being noticed, which is expected to increase further in the future. All stakeholders are directed to identify their bank accounts which are under process of a merger or already merged and update their new IFSC codes along with account number through online Bank management/AD code registration facility provided on the ICEGATE website using the ‘modify option,’ as per Public Notice 93/2020 dated 29.07.2020 and 130/2020 dated 07.10.2020.

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As India is becoming self-reliant, the Government has been working to make Indian products more competitive in export markets and boost pharmaceutical exports. The recent proposal to replace the Merchandise Export Incentive Scheme (MEIS) with the Remission of Duties or Taxes on Export (RoDTEP), since the former was non-WTO compliant, is believed to have been welcomed by most industry players.

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Government-owned Indian Railways has moved empty boxes to inland depots like Delhi from seaports for free. South Korea has deployed an extra nine vessels on the Trans-Pacific route to help local manufacturers. In contrast, China’s state-owned shipyard, Cosco Shipping Heavy Industry, has converted at least one freshly built paper-and-pulp carrier to transport the containers.

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