Import/Export Industry Notifications
30 April 2020
BUSINESS STANDARD | The income tax department has delayed the GST and GAAR reporting due
30 April 2020
The income tax department has delayed the GST and GAAR reporting due to the COVID-19 situation. Firms must include details of GST and GAAR in their tax audit report. Business entities with turnover of over Rs 1 crore and professionals with receipts of more than Rs 50 lakhs will comply with the tax audit requirements. The due date is September 30.
30 April 2020
THE HINDU | Mansukh Mandaviya has responded to the complaints received from the EXIM trade
30 April 2020
The Shipping Minister, Mansukh Mandaviya has responded to the complaints received from the EXIM trade. He has warned the shipping Lines very strictly to comply with the government’s directives. The shipping lines and companies will face consequences if they do not waive off various charges due to delay in clearing containers.
30 April 2020
THE DAILY STAR | West Bengal Govt. to facilitate smooth movement of goods to Bangladesh
30 April 2020
Central Government of India has urged the West Bengal government to facilitate smooth movement of goods to Bangladesh during COVID-19-induced lockdown period. Dhaka is important to New Delhi's "South Asia first" policy and for movement of goods to northeastern India using Bangladesh as transit.
29 April 2020
The Guardian | Major US meat producer warns 'food supply chain is breaking'
29 April 2020
The food supply chain in the US seems to be at stake as the major meat suppliers warn about limited supply in the wake of the COVID-19 pandemic. The facilities have closed temporarily due to a wide outbreak of the pandemic. The USDA had been criticized as millions of pounds of food rot while the country’s food banks deplete due to increased demands.
29 April 2020
Supply Chain Brain | Global Container Shipments Set to Fall 30% in Next Few Months
29 April 2020
Warehouses are getting so full of goods that the retailers are asking shipping companies to push back deliveries. Shipments have probably fallen about 15% so far this year due to the COVID-19 pandemic. It is said to fall by 30% in the coming few months. The slump is a setback for shipping giants while forward bookings from Asia to North America and Europe have slowed for April and into May.
29 April 2020
Supply Chain Management | Coronavirus: oil and gas supply chain ‘at breaking point’
29 April 2020
The impact of the COVID-19 hits the Oil and Gas industry hard in the UK. Oil & Gas UK is calling for the government’s support for a Covid-19 resilience package. They will be pressing the case to protect the supply chain, jobs and reposition themselves in the coming days. The sector is also set to play a key role in achieving a low carbon future for the UK.
29 April 2020
ASEAN briefing | The Coronavirus in Asia and ASEAN – Live Updates by Country
29 April 2020
ASEAN Reporting will be running live updates about the outbreak and widespread of the COVID-19 pandemic. These country-wise updates will provide the latest and relevant regional news to keep businesses involved in ASEAN and Asia.
29 April 2020
The Guardian | France, Italy and Spain prepare to ease coronavirus lockdowns
29 April 2020
France, Italy and Spain who had the highest numbers of confirmed cases of Covid-19 in the world are preparing to loosen restrictions. Various exit plans are being discussed to safely emerge from the crippling lockdowns. Decisions on reopening will be vital to help people and businesses to cope with the effects of pandemic and risks of new outbreaks or further shutdowns. Other countries curiously watch closely.
29 April 2020
Automotive Logistics | Covid recovery will test resilience of outbound supply chain, says report
29 April 2020
The vehicle manufacturers restart production in Europe after shutdowns caused by the Covid-19 pandemic. However, the outbound logistics sector could hamper distribution and sales. In markets with lockdowns, car sales have come to a virtual standstill. New vehicle sales have dropped around 70% in Spain and France, and 85% in Italy.
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