Import/Export Industry Notifications
02 February 2021
LIVE MINT | Budget 2021: Import duty on solar invertors, lamps hiked
02 February 2021
On Monday, the government proposed to increase import duty on solar inverters and lanterns or lamps but did not go ahead with its plan to impose a basic customs duty on solar equipment across the board to boost domestic manufacturing.
02 February 2021
THE HINDU | Agri cess not to impact prices of imported dals: IPGA
02 February 2021
According to India Pulses, the government's decision to levy agriculture infrastructure and development cess of 20%-50% on imported pulses will not have any impact on prices as the rise in cess will be neutralised by lowering customs duty and Grains Association (IPGA).
02 February 2021
BLOOMBERG | India Imposes Duty on Cotton Imports to Support Farmers
02 February 2021
India is the world’s largest cotton grower. On Monday, Finance Minister Nirmala Sitharaman said that a 10% duty on imports of the fibre would be imposed to help farmers. According to the minister, the government also raised the levy on raw silk and silk yarn to 15% from 10%.
02 February 2021
LIVE MINT | Customs duty rejig to encourage local manufacturing
02 February 2021
On Monday, the government has overhauled the customs duty structure to encourage local manufacturing and slow down imports as a way of steering the economy out of recession.
02 February 2021
CNBC TV18 | What has become cheaper, and what is costlier in Budget 2021?
02 February 2021
Finance Minister Nirmala Sitharaman made a slew of announcements during her Budget presentation, including Customs Duty changes on several items. The FM proposed reviewing over 400 exemptions this year and said that the idea is to promote domestic manufacturing and help India get onto the global value chain, and enhance exports.
02 February 2021
THE LOADSTAR | Carriers claim 'sliding' services will help them recover shattered schedules
02 February 2021
More ships are being held in Asia’s departure ports for a week or more. Carriers wrestle with the recovery of their shattered schedules. Hapag-Lloyd CEO Rolf Habben Jansen told customers today the carrier’s fleet was “fully deployed and stretched beyond capacity”.
02 February 2021
CHEMEXCIL | Union Budget 2021-22- Key Highlights & Provisions for Exports/ Chemicals sector
02 February 2021
For FY22, the fiscal deficit is pegged at 6.8% of GDP. Increase in borrowing limits of state governments. Privatization of Public Sector Enterprise
02 February 2021
FRESH PLAZA | Chinese ports not to be blamed for stockpile of cold-chain containers
02 February 2021
A new investigation into the matter revealed that while stricter inspections of frozen food may cause some delays, it is more so a confluence of global factors, including poor handling of the virus and a lack of assessment overseas causing the congestion.
02 February 2021
CONTAINER NEWS | UK to Ireland trade declines 50% after Brexit says FTAI
02 February 2021
Import cargo from the United Kingdom (UK) to Southern Ireland has declined 50% in the first month since the free trade agreement between the UK, and the European Union was implemented according to the Freight Transport Association Ireland (FTAI).
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