Import/Export Industry Notifications

As per a report sent to the US Congress, the first on the Joe Biden administration’s trade agenda has said that the Narendra Modi government’s Make In India initiative has epitomized the trade-restrictive challenges confronting the two countries while adding that the Biden administration’s priority would be removing trade barriers.

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The finance ministry has decided that they are not going to impose anti-dumping duty on truck and bus radial tyres imported from Thailand. The move comes after the Directorate General of Trade Remedies recommended that anti-dumping should be imposed on Thai imports of truck and bus radials based on an application filed by ATMA.

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Hapag-Lloyd will increase rates for general and reefer containers from Egypt to Latin America, while higher rates will kick in at MSC for cargo going from Australia, the Middle East, and the Indian subcontinent to the US as well as from the US to Latin America.

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Hauliers serving the Peel Ports-owned facility reported on 3rd March 2021 that they had been calling for an urgent meeting with the management since January to address the chronic delays at terminals T1 and T2, where, they claim, things have reached “boiling point”. UK container ports continue to suffer congestion, with Liverpool the latest to come under fire from frustrated shippers and hauliers.

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Some corners of the global container supply chain were left unharmed by severe congestion at terminals last year, but new data from IHS Markit, released on 2nd March 2021, shows just how significant the problem became.

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Companies negotiating annual container shipping contracts with shipping lines before the end of the first quarter can anticipate raises in peak season surcharges and declines in allowable free time with the container, as shipowners gain leverage from increased demand, industry participants say.

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Dealing with different issues, the city exporters organized a brainstorming session to trash out a solution and take up major issues with the authorities. As per businessmen, their incomes have taken a massive hit because of the hike in charges levied by shipping companies.

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The group that represents container lines in India says the government’s regulatory move on terminal handling charges amounts to interference with established global shipping practices and would harm trade development.

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Seeks to further amend notification No. 6/2016-Customs (ADD) dated 8th March, 2016 to extend the levy of Anti-Dumping duty on Phenol originating in or exported from European Union and Singapore, up to and inclusive of 7th June, 2021.

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