Import/Export Industry Notifications

Canadian organizations are taking a look at sourcing readymade garments from India and Indian apparel manufacturers can possibly expand the nation's share in the Canadian market, as per Indian High Commissioner in Canada Ajay Bisaria.

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Chennai Customs have stepped-up and decided that public notice register containers and direct port delivery containers lying at Chennai and Kattupalli ports will be evacuated by rail to the inland container depot (ICD) run by Container Corporation of India Ltd (Concor) at Tondiarpet from midnight of Saturday to ease congestion at Chennai and Kattupalli ports.

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At a meeting of the Board of Trade held to seek suggestions on a new Foreign Trade Policy, Mr Sakthivel said, “At present, the facility of self-certification and self-ratification, available under the Advance Authorisation scheme to other sectors, is not available to the apparel sector. In cases where Standard Input-Output Norms (SION) are not there, exporters in the apparel sector have to wait for a longer period for getting SION fixed in the norms committee. So, for faster clearances of these cases, facilities of self-certification and self-ratification must be made available to the apparel sector as well,” he said.At a meeting of the Board of Trade held to seek suggestions on a new Foreign Trade Policy, Mr Sakthivel said, “At present, the facility of self-certification and self-ratification, available under the Advance Authorisation scheme to other sectors, is not available to the apparel sector. In cases where Standard Input-Output Norms (SION) are not there, exporters in the apparel sector have to wait for a longer period for getting SION fixed in the norms committee. So, for faster clearances of these cases, facilities of self-certification and self-ratification must be made available to the apparel sector as well,” he said.

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As India is steadily emerging out of the Covid-19 lockdown, a few merchants have turned to hoarding crude plastic materials and making a quick buck by offering it to small processors at a significant premium over the list prices of resin manufacturers.

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To keep the rupee value stable and encourage India’s flagging exports, the Center has been empowering the Reserve Bank of India (RBI) to proceed with its strategy of purchasing dollars aggressively.

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On Friday, RBI announces that it is taking steps to ease procedures for exporters, bringing some relief to traders at a time when exports are going through a lot because of fresh Covid-19 induced lockdowns in major markets.

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On fourth December 2020, Friday the Japanese parliament affirmed a post-Brexit free trade deal with the UK, making room for its enforcement on January 1 next year. The objective is to ensure continuity in bilateral business operations beyond London's end of transition out of the European Union this month.

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Prior to the Christmas season, shipping costs have soared since August; worsening distresses of exporters already wrestling with a series of difficulties this year — from a Covid-prompted cancellation of orders and exodus of migrant labourers to a drastic cut in government benefits.

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Hapag-Lloyd has announced that imports to Guayaquil, Arica, will be transhipped onto the next Conosur vessels. Simultaneously, export from Rio de Janeiro will also be rolled to the next Conosur ships. This decision was taken because one of the crew members of Hapag-Lloyd container shop Nordic Hong Kong has tested positive for Covid-19 in Brazil. Because of this, the Brazilian health authority has instructed the 3,400TEU vessel to do a 14-day quarantine.

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