Import/Export Industry Notifications

The Centre has extended the deadline for importing urad under the 2020-21 fiscal year quota of 1.5 lakh tonnes to May 15. It had earlier extended it to April 30 from March 31 as shipments from Myanmar, the only source for urad outside India, were impacted as the prevailing political unrest disrupted the supply chain.

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At a virtual meeting hosted by the Intermodal Association of North America (IANA) last week, Federal Maritime Commissioner Carl Bentzel said he is exploring how China is involved in the container shortage that has been an issue for many months at US ports. The United States is beginning to question whether China is to blame for the box shortages plaguing global supply chains this year.

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The Bangladeshi government plans to double the number of off-dock depots in Chittagong to handle growing numbers of export and import containers and lessen the pressure on the port yard.

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UK port associations seek explanation over claims that domestic shippers could miss out on the gains of the recently announced freeport developments due to small print in post-Brexit trade deals.

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The Department of Commerce and Department of Finance are under active consultation for early finalisation of the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme guidelines and remission rates for export items Piyush Goyal told Rajya Sabha MP and former Union Minister Suresh Prabhu.

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Restoring the facility under Circular No. 17/2020 dated 03.04.2020, namely, "Measure to facilitate trade during the lockdown period- section 143AA of the Customs Act, 1962". CBIC has decided to restore the facility of acceptance of an undertaking in lieu of bond by Customs formations from the date of issue of this Circular till 30.06.2021.

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Amendment in import policy of Integrated Circuit s (1Cs) and incorporation of policy condition for HS Codes 85423100, 85423900, 85423200, 85429000, and 85423300, of Chapter 85 of lTC (HS), 2017, Schedule - I (Import Policy).

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Singapore has tightened its anti-covid measures operating in the port area after four workers were detected as having the virus.

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Indian sugar mills may accomplish their target of exporting 6 million tonnes of the sweetener by the end of June, three months before September, when the 2020-21 season ends.

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