Import/Export Industry Notifications
29 May 2020
BUSINESS STANDARD : CONCOR is awaiting clearances from both the Indian and Bangladesh governments
29 May 2020
The trade was suspended through the integrated check post at Petrapole owing to the COVID-19 pandemic. CONCOR is awaiting clearances from both the Indian and Bangladesh governments to send its goods train with export items to the neighbouring country. However, not all goods are allowed to be transported by rail to Bangladesh.
23 May 2020
HELLENIC NEWS: Cargo handling has been suspended at the outer anchorage of Chittagong seaport following the weather alert issued by the CPA
23 May 2020
Cargo handling has been suspended at the outer anchorage of Chittagong seaport following the weather alert issued by the CPA. As the cyclonic storm ‘Amphan’ was moving towards the coast of Bangladesh, the meteorological department had hoisted danger signal. The CPA had already taken special measures.
23 May 2020
ARGUS MEDIA: Cyclone Amphan is moving north-northeast across the Bay of Bengal area
23 May 2020
Cyclone Amphan is moving north-northeast across the Bay of Bengal area. It is likely to make landfall as a very severe cyclonic storm in India's West Bengal state and southern Bangladesh according to IMD. Ports on India's east coast are suspending berth operations and moving ships out of anchorage as a cyclone approaches.
23 May 2020
TOI: Indian buyers have resumed purchases of Malaysian palm oil after a four-month gap following a diplomatic row
23 May 2020
Indian buyers have resumed purchases of Malaysian palm oil after a four-month gap following a diplomatic row. The buying spurred by a fall in domestic inventories and discounted prices. The renewed purchases come amid improving trade relations between the two countries after the formation of a new government in Kuala Lumpur.
23 May 2020
ET : The CBIC amends rules, which grants it the power to prescribe a time limit for availing transitioning credit
23 May 2020
The CBIC amends rules, which grants it the power to prescribe a time limit for availing transitioning credit. The credit from pre-goods and services tax (GST) regime which was moved to the GST regime as an input tax credit from 1st July 2017. The Central Government hereby appoints the 18th day of May 2020, as the date on which the provisions of Section 128 of the Finance Act, 2020, shall come into force.
23 May 2020
CNBC TV: India and Bangladesh signed an agreement to operationalise five new ports of call and two new protocol routes
23 May 2020
India and Bangladesh signed an agreement to operationalise five new ports of call and two new protocol routes to boost the bilateral trade. High Commissioner of India in Bangladesh, Riva Ganguly Das, and Bangladesh Shipping Secretary Mohammad Mezbah Uddin Chowdhury signed the 2nd Addendum to the Protocol on Inland Water Transit and Trade in Dhaka.
23 May 2020
CNBC TV: Trucks are stranded at warehouses, and the level of idle trucks is now close to 70 per cent
23 May 2020
Trucks are stranded at warehouses, and the level of idle trucks is now close to 70 per cent. Even as the government eases restrictions on industrial activity in a graded manner under Lockdown 4.0, migrant workers' return to their homes has increased the trouble for the transport industry. The scarcity has also led to freight rates shooting up in the range of 15-20 per cent currently.
23 May 2020
OUTLOOK INDIA: Shortage of labour and equipment operators amid the nationwide lockdown is resulting in shipments not getting unloaded for up to 10-15 days
23 May 2020
PTI Shortage of labour and equipment operators amid the nationwide lockdown is resulting in shipments not getting unloaded for up to 10-15 days of the arrival of the container at the CFS. CFS operators allegedly refuse to pay heed to the directives from the DGS not to charge the storage charges from the consignees during the lockdown days.
20 May 2020
THE HINDU: The EU has raised the restrictions on capsicum imported from India and Pakistan
20 May 2020
The EU has raised the restrictions on capsicum imported from India and Pakistan due to the high rate of non-compliance with pesticide norms. They have made it mandatory for shipments to be accompanied by an official certificate stating that the items were free of pesticide residues.
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