Import/Export Industry Notifications

In a stringent view, the Government has launched an inquiry while examining a complaint moved by the largest producer of Vitamin C in India, Bajaj Healthcare, alleging that the domestic industry is impacted due to the dumping of Vitamin C from China. This comes in wake of the complaint moved by Bajaj, which alleged that the domestic industry is impacted due to the dumping of Vitamin C from China PR and sought the imposition of anti-dumping duty on the imports.

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With an aim to make Kempegowda International Airport (KAI) a cargo hub, Bangalore International Airport Limited (BIAL) recently opened what is said to be India’s first on-Airport Public Bonded Warehouse, which is expected to reduce supply chain costs and facilitate trade in and around Bengaluru. According to BIAL, the facility will help re-export of goods, long-term storage of bonded cargo, assist in partial clearances and allow value-added services such as labelling, packing and re-packing services.

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India’s refined palm oil imports dipped to zero for the second consecutive month in August this year. It dropped as against 2.57 lakh tonnes imported during the same month last year, according to trade body Solvent Extractors’ Association of India (SEA).

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Bharat Mumbai Container Terminals (BMCT) is the facility run by Singapore’s PSA International Pte Ltd at Jawaharlal Nehru Port Trust (JNPT) near Mumbai. BMCT has launched a digital online payments solution for Direct Port Delivery (DPD) customers with ODeX. BMCT’s DPD customers will now be able to process their documentation and pay terminal handling charges on the ODeX platform from September 15, 2020

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Shipping companies have blasted a new round of industrial action set for Brisbane, warning of huge costs to importers and crisis levels of empty containers. The Maritime Union of Australia (MUA) has declared protected industrial action for 24 hours at the DP World Terminal, according to liner lobby group Shipping Australia.

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UK importers are facing numerous challenges these days. They include port delays, vessels diversions, a shortage of haulage availability and limited slots at ports to collect containers. Forwarders have reported significant issues with the UK’s inland container transport, which were exacerbated by last week’s bank holiday. The lack of haulage capacity is one of the biggest problems. Many EU drivers are not working, either because of holidays or quarantine requirements, and the overall pool of drivers has been reduced by many others who were furloughed during the lockdown and then got other jobs in retail and e-commerce distribution that pay better.

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Back-to-back typhoons and surging shipping demand have meant lengthy vessel delays for ocean freight out of Asia. According to Resilience360, Typhoon Haishen made landfall south-east of Gangneung in South Korea on 7 September, following Typhoon Maysak, which struck near the port of Busan on 3 September with winds of 100 mph. Supply chains in east Asia are still facing impacts ranging from congested ports to closed production plants.

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India will now export pomegranate to Australia following completion of the required protocols after months of negotiations between the two sides. While Australia already produces pomegranates, India is well placed as one of the world’s largest pomegranate producers to meet shortfalls in the Australian market.

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Recently, the export price of Indian dried chillies to China has increased. The main reason is that, on the one hand, India’s domestic stock is gradually decreasing. On the other hand, the economic recovery of major importing countries such as China is gaining momentum; especially the catering industry has started to recover after a long period of inactivity, which makes the market's demand for condiments and other raw materials to begin to increase.

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