Import/Export Industry Notifications

Even as India has banned over 200 Chinese apps in the past few months, it has no plans to ban imports of electronic equipment from the neighbouring nation. The government has not proposed to ban the import of electronic equipment and parts thereof from China.

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The average national spot rate for intermodal shipments by rail have increased 58% since early June. The normally rational intermodal market, a safe haven for many shippers, has succumbed to the pressure of the surging freight volumes arriving on the West Coast. What is more impressive than the absolute rate, which is the highest in five years, is the rate of increase. It has taken only three months for the U.S. average intermodal spot rate to increase beyond the 2018 peak level, which was the previous multiyear high.

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The lockdown led to a sharp drop in imports. Normally, the containers used for imports are deployed for exports as exporters have to bear additional transportation cost if they bring empty containers from the ports. According to industry, there has been a surge in industrial activity in Ludhiana and surrounding towns after the lockdown was lifted. It also led to surge in exports as the traders had to meet export obligations. As a result, the demand for containers also shot up.

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Like the E.U.’s scheme, the scheme will require importers to first register and then report imports. That way, the authorities can track the source and volume of imports. Specifically, the government is focused on imports from China and other southeast Asian markets, the article notes. Only by accumulating hard data can the country develop sensible policies, promoters of the scheme argue.

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The Gujarat government announced ₹3,700-crore relief package for the farmers who suffered crop loss due to excess rains and flooding in several parts of the State. Making an announcement in the State Assembly, Chief Minister Vijay Rupani stated that total 37 lakh hectares of area under 123 tehsil (taluka) will qualify for the relief. This covers 20 districts of the total 33 districts of the State.

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Unavailability of containers is turning out to be a big headache for exporters as 50% of their consignments are facing delays. Exporters said that Jaipur used to get around 1,300 containers a month ago, but now that has been reduced to a little over 600. They said the reduction in imports and increasing charges of movement are the major reasons for the reduction in availability of containers

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India is working on an arrangement to supply onions to Bangladesh and a few other neighbouring countries in an uninterrupted fashion to uphold the spirit of the ‘neighbourhood first’ policy. The government has yet to firm up a decision but initial talks have taken place on such an arrangement in the backdrop of a crisis in Bangladesh following the decision to ban exports of onion, said people aware of the matter.

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Indian authorities on allowed the movement of onion supplies already contracted for by Bangladeshi importers after Dhaka formally complained about the impact of New Delhi’s ban on exports of the commodity. Scores of trucks carrying onions destined for Bangladesh had been stopped at border crossings in West Bengal after the Directorate General of Foreign Trade (DGFT) banned all exports of the item on Monday following a shortage and sudden increase in prices in the domestic market.

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Kolar tomato growers are thrilled that their crop has found an excellent market, not simply in neighbouring states but also over the border in Bangladesh. Kolar’s APMC market saw about 600 tons arriving daily prior to the pandemic. On average, tomatoes are grown on about 4,000 ha in the district, mostly in Mulbagal and Srinivaspura. However, the uncertainties induced by the pandemic led to less than usual harvest this year.

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