Import/Export Industry Notifications

Pushed to an extent by India importing medical goods from China to fight the deadly second wave of the Covid-19 pandemic, trade between the two neighbors soared by more than 70% year-on-year to over $48 billion in the first five months of 2021, China’s customs data showed on Monday.

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The shocking events still unfolding at an anchorage off Colombo serve once more to underline the continuing problem of ship fires caused by the mishandling of dangerous goods. TT Club again urges all those involved in the movement of such cargoes to step up to their responsibilities and act with transparency and diligence in safety in transport.

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HMRC announced it would provide a six-month (175-day) delay on declarations for goods imported 1 January-1 July, but with the first batch of delayed declarations due on 25 June, concerns have been raised over the country’s capacity to process them.

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The Solvent Extractors Association of India (SEA) has stated that the massive influx of soyabean oil from Nepal into India, flouting rules of origin, is seriously hurting domestic refiners and farmers and is causing revenue loss to the government.

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India has applied for an exclusive trademark that would grant it sole ownership of the basmati title in the European Union, setting off a dispute that could deal a significant blow to Pakistan’s position in an important export market. From biryani to pilau, Pakistan and India’s shared culinary landscape is defined by basmati, distinctive long-grain rice at the center of the latest tussle between the bitter nuclear rivals.

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Remission rates and guidelines for export items under the new Remission of Duties and Taxes on Exported Products (RoDTEP) scheme are likely to be notified in 10 days; Ajai Sahai, Director General and CEO, Federation of Indian Export Organisations (FIEO), told Financial Express Online. The RoDTEP scheme, which had actually changed MEIS on January 1, 2021, to enhance the worldwide competitiveness of Indian exports, was authorized in 2015.

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The groundnut exports from the state stood at Rs 3,505 crore from April 2020 to February 2021. The exporters received an average price of $ 1,139 per tonne for groundnuts in fiscal 2021 — which was 6% higher than the $1,071 per tonne price fetched in 2019-20, the APEDA data further shows

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India’s marine experts consider that manufacturing containers in India may not be as steady as the government ensures. In a webinar hosted by Maritime Gateway in association with Concor on 3 June, the panel was in consensus that the availability of Corton steel, automation levels, and economies of scale pose a big challenge for local industrialists in manufacturing boxes in the country.

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Tamil Nadu's Tirupur, the export hub of south India, is seeing work resume in export units and garment companies after the state government permitted to operate industrial units, with all necessary Covid-19 protocols in place.

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