Import/Export Industry Notifications

In the wake of the COVID 19 lockdown in the country, people have not been able to receive their import deliveries at the ports which are causing congestion. The containers from Jawaharlal Nehru Port Trust (JNPT) and Mundra Port are being moved to CFSs currently. But, in the next 3-4 days, they are expected to reach their holding capacity congesting and leaving the ports stranded.

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The peace clause protects a developing country’s food procurement programmes against action from WTO members in case subsidy ceilings are breached. This is the first time any country has invoked the peace clause, and it is India. It’s reported that it was done so to meet the domestic food security needs of India’s poor and vulnerable population and not to distort global trade.

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In the wake of the COVID 19 lockdown in the country, people have not been able to receive their import deliveries at the ports which are causing congestion. The containers from Jawaharlal Nehru Port Trust (JNPT) and Mundra Port are being moved to CFSs currently. But, in the next 3-4 days, they are expected to reach their holding capacity congesting and leaving the ports stranded.

Click Here To See The Official Notification

The chairman of EEPC, Ravi Sehgal released a video appealing to the overseas buyers and everyone in the trade to be calm, not to hold on to the payments if they are due, not to cancel orders and to support by keeping orders in reserve during lockdown at COVID 19 outbreak as it is a temporary situation which will be resolved shortly.

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Mc Kinsey’s research provides information on epidemiological factors for COVID 19 and its growing impact on the global economy. This pandemic damages economy structurally.  It can lead to the lack of policy response to prevent wide-scale bankruptcies, unemployment, and a financial crisis. The set of perspectives in this article provide insights for organizations to understand the pandemic and lead through the crisis.

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Europe’s largest port, The Port of Rotterdam, witnesses a drop in the trade as the European economy takes a hit in the wake of the COVID 19 emergency across the continent. Every month of the continued outbreak in China is expected to trim off 2 million tonnes of cargo throughput. Seven container ships from China have been cancelled and trans-shipments have been reduced.

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The Vizag Customs have issued a notice regarding port clearances. They have requested traders to email reprints of bills of entry and transhipment permission to prcomm2-cusvzg@gov.in in the wake of the outbreak of COVID-19 pandemic.

Here is a guideline for all those stakeholders who are concerned about customs procedures and formalities in the wake of the COVID 19 emergency. You can learn about the customs provisions, uniform application of the UCC, the decision-making process and more, even in this time of crisis.

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The government of the state of Tamil Nadu & Union Territory of Puducherry have introduced a GST Helpdesk for seamless Communication between GST Officers and MSMEs. Now, the people can chat Live in Tamil or English with Tax officials of the state on Sabka Vishwas, GST Registrations, GST Returns & GST Refunds.

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