Import/Export Industry Notifications

According to industry body SEA, India’s oilmeal export grew 51.44% to 36.8 lakh tonne in 2020-21 from 24.3 lakh tonne in the previous year, on a sharp rise in soybean meal shipments.

Click here to see the actual notification

‍

Maersk announces short team port coverage changes for a few. Schedules for the same will be updated in due course.

Click here to see the actual notification

‍

Platts Container Rate 1 – North Asia-to-North Continent – rose to $12,000/FEU on May 17, up $1,500/FEU from the week earlier. These increases reflected a near ten-fold increase from the $1,300/FEU assessed on this route a year earlier. Container rates from Asia to Europe have hit fresh all-time highs as logistical issues continue to constrain the market, and demand remains firm through to July, limiting availability on ships.

Click here to see the actual notification

‍

After registering a 24% boost to close to $20 billion in exports of 37 agriculture and processed products promoted by the Agricultural and Processed Food Products Export Development Authority (Apeda) during FY21, the government’s agri export body is eyeing at least 10-15% jump in such exports this year.

Click here to see the actual notification

‍

Naval ships and aircraft have been deployed to evacuate hundreds of personnel from oil barges and a rig, while the bunkering operations have also been severely hit. Shipping operations for commodities ranging from oil and coal to consumer goods and textiles will be delayed in the week ending May 22, as the cyclone Tauktae raged past India’s western coastline, trading executives, port officials, and refiners told.

Click here to see the actual notification

‍

Myanmar's intensifying political crisis and India's grave coronavirus situation are prompting international retailers and brands to divert work orders to Bangladesh because of its stability and milder-than-expected impacts of the second wave of the infections.

Click here to see the actual notification

‍

A cyclone that slammed into India's west coast weakened on Tuesday, and the country's biggest private port reopened, while authorities said clearing roads was a priority to ensure a steady supply of oxygen to hospitals overwhelmed by COVID-19.

Click here to see the actual notification

‍

Container Corporation of India Ltd (Concor) has extended the 50%  rebate in rail freight tariff for movement of empty dry and reefer containers between gateway ports and the firm's inland container depots, container rail terminals, and private sidings till 31 March 2022, the company said in a notice to trade.

Click here to see the actual notification

‍

Businesses have been given more flexibility in using machines and materials imported at concessional duty for export production, said an official statement from the Central Board of Indirect Taxes and Customs (CBIC). As per this, businesses using materials imported at concessional duty for further export of goods can outsource their entire production requirement.

Click here to see the actual notification

‍