Import/Export Industry Notifications
17 November 2020
THE LOADSTAR | Peak season congestion traps truckers for hours at LAX cargo terminals
17 November 2020
The situation of truckers serving the port complex of Los Angeles/Long Beach has led to calls from industry bodies for a stay on demurrage and confinement charges.
17 November 2020
THE DAILY STAR | India’s import of rice bran oil may double in 2020-21 from Bangladesh
17 November 2020
India’s import of rice bran oil will double in 2020-21 financial year from Bangladesh. BV Mehta executive director of Solvent Extractors' Association of India stated.
17 November 2020
THE HINDU | Congestion at Colombo Port increases transshipment business at Cochin Port Trust
17 November 2020
Kochi has handled 2,856 twenty-foot equivalent unit of foreign transshipment container so far. The congestion at Colombo Port has ended up being an open door for Kochi regarding gaining transshipment business following the diversion of some ships.
17 November 2020
TOI | Transporters claim that they have not hiked freight charges
17 November 2020
Denying all the reports regarding the hike in freight charges of surface transport because of the non-operation of goods trains, transported have claimed that they have not hiked any freight charges.
17 November 2020
FINANCIAL EXPRESS | Surging export aids fail to boost shipments
17 November 2020
Even as India's export promotion schemes have been enduring an onslaught for quite a long while in multilateral forums for their subsidy content, these have additionally been a disincentive for firms to develop. Consider the most recent variation, the Merchandise Exports From India Scheme (MEIS), which is now on out. Somewhere in the range of FY17 and FY19, while trades covered under the MEIS became only 14.2% in rupee term, non-MEIS shipments rose at a lot quicker rate of 31.6%, as indicated by a FE analysis.
17 November 2020
SENTINEL ASSAM | India-Bangladesh trade begins through waterways
17 November 2020
Following quite a while of suspension of trade with Bangladesh through waterways, it predicts well for the people of Barak Valley, Tripura, Mizoram, and Manipur that it has started once again. The previous governments at the Center and Assam have been dawdling on this fundamental issue to continue trade with Bangladesh, and this has been held up mainly because of the silting of the stream bed of the Barak and the Kushiara and ominous political setup under the BNP (Bangladesh Nationalist Party) government at Dhaka.
16 November 2020
TOI | Cargo movement in Chennai gains ground as giant planes get right of way
16 November 2020
Chennai airport handled 11,371 tonnes tonnes of export cargo and 11,897 tonnes of import cargo in October, the highest handled this year after the pandemic curtailed flights and businesses.
16 November 2020
SAFMARINE | Shipment acceptance policy revision
16 November 2020
Safmarine issues a notification that they will be implanting a revised policy regarding how they accept customer’s shipments. This revised policy will be effective from 30th November, 2020. The change will be relevant to a limited number of specific companies/entities who have not complied with financial terms and conditions agreed with Safmarine, and the same company chooses to discontinue doing business with.
16 November 2020
MARITIME GATEWAY | $4billion tax and duties dodged yearly thru false declaration
16 November 2020
More than thousands of importers, as well as exporters of the country, are dodging tax by declaring false statements regarding their goods and commodities in Chattogram and other ports. NBR, the National Board of Revenue, is highly concerned about this matter.
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