Import/Export Industry Notifications
12 February 2021
THE HINDU | Interest equalisation scheme for exporters likely to be extended
12 February 2021
The government is likely to extend the interest equalization scheme for exporters, which is to lapse on March 31, 2021, by at least another year, to help them deal better with the disruptions caused by the Covid-19 pandemic.
12 February 2021
MONEY CONTROL | India's sugar exports seen lower than last season on logistics woes
12 February 2021
India’s sugar exports are expected to be at least 25 % lower during the current sugar season (October 2020-September 2021) owing to “logistics constraints,” particularly due to lack of containers and rise in waiting time for vessels, according to All India Sugar Trade Association (AISTA).
11 February 2021
MARITIME GATEWAY | Beijing moves to end container shortages
11 February 2021
In a video conference on 8 February with the Ministry of Commerce’s Department of Foreign Trade, the MOT’s Water Transport Bureau initiated the video conference to find solutions from liner operators and the trade associations that will facilitate foreign trade and smooth the passage of freight.
11 February 2021
BUSINESS TODAY | Exporters fear closure because of obscure new tax refund rates
11 February 2021
Federation of Indian Export Organisations (FIEO) has requested the central government to announce the applicable rates for various export goods under the newly announced Remission of Duties and Taxes on Exported Products (RoDTEP) scheme. Addressing a virtual press conference, FIEO President Sharad Kumar Saraf said the exporters are waiting to know the RoDTEP rates to finalise their fresh contracts.
11 February 2021
MARITIME GATEWAY | Container priority-loading premium the new normal in Asia
11 February 2021
The new motto in the Asian container markets is “go premium or go home,” with shippers struggling to get hold of ships and carriers assuring availability only when customers pay a premium over the Freight All Kind or FAK, market sources said.
11 February 2021
MARITIME GATEWAY | LCL is becoming more attractive to shippers
11 February 2021
More shippers and forwarders are open to less-straightforward alternatives to full container offerings with boxes only available at exorbitant rates. The shortage of containers in significant trade lanes is driving demand for less-than-containerload (LCL) solutions.
11 February 2021
HELLENIC SHIPPING | Container shipping locked in a ‘significant bottleneck’ as demand surges back
11 February 2021
Maersk CEO Soren Skou told CNBC Wednesday that container shipping firms are locked in a “significant bottleneck” as resurgent global demand stretches capacity and drives up freight rates. Maersk, the world’s largest container shipping firm, missed its fourth-quarter profit expectations Wednesday and posted a cautiously optimistic outlook for 2021 after an “exceptional while challenging quarter.”
11 February 2021
FINANCIAL EXPRESS | RoDTEP scheme: Low outlay to hurt revival of exports
11 February 2021
The government has budgeted only Rs 13,000 crore for a scheme deemed to reimburse embedded levies paid on inputs consumed in exports in FY22, drawing a sharp reaction from exporters who warn of a delay in recovery outbound shipments in the wake of the Covid-19 outbreak.
11 February 2021
FNB NEWS | FSSAI clarifies, GM-free certificates for imported crops from March 1
11 February 2021
The Food Safety and Standards Authority of India (FSSAI) has issued a clarification on its order regarding the requirement of Non-GM-cum-GM-Free Certificates to accompany imported food consignments order is applicable from March 1, 2021. The clarification reads, “The requirement of Non-GM-cum-GM-Free Certificate applies to the consignments which are dispatched from the exporting country on or after March 1, 2021.”
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