Import/Export Industry Notifications

The Commerce Ministry's investigative arm DGTR has recommended the imposition of anti-dumping duty on the import of certain copper products used in the electrical industry from China, Thailand, Korea and three other countries for five years to guard domestic manufacturers from cheap imports.

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The global shipping industry is calling on the world's governments to tax its carbon emissions. Groups representing more than 90% of the worldwide fleet say the measure is needed to tackle climate change.

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India's export of leather and leather products declined about 28.3% to $3.3 billion in 2020-21 from $4.6 billion in 2019-2020 due to the COVID-19 impact on the European Union's key markets, the U.K. and the U.S., according to the Council for Leather Exports.

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Leasing platform Container xChange said there were “few signs” of shortages being resolved, highlighting steep increases in new and used equipment prices since last year. As container prices in China and India continue to surge, local forwarders are “busier than ever” trying to secure space.

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Para C.24 of the RBI Master Direction no.16/2015-16 dated January 1, 2016 (as amended), deals with write-off in cases of payment of claims by ECGC and private insurance companies regulated by the Insurance Regulatory and Development Authority of India. It clearly says that surrender of incentives, if any, in such cases will be as provided in the Foreign Trade Policy (FTP).

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Longshoremen at the Port of Montreal plan to begin an indefinite general strike on Monday after their union issued a 72-hour notice to employers. The Canadian Union of Public Employees Local (CUPE) 375 announced the move on Friday, less than two weeks after beginning a partial strike.

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PLI is a well-laid-out strategy that pushes manufacturers to revisit their supply chain domestically and aspire for export-led growth, Nitin Kunkolienker, president, MAIT, said at its Electronics Manufacturing Summit held on Thursday.

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Vizag custom's  new facilitation measure during pandemic :- A Nodal officer is designated  to facilitate quick clearance of COVID or medical related goods,their raw materials, packaging material, medicines, medical machinery,parts etc

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In view of the excessive requirement of Oxygen and related equipment in the nation, the Government has decided that all Major Ports, including the Kamarajar Port Limited, shall waive off all charges levied by Major Port Trusts. This direction is issued under Section III of The Major Port Trust Act, 1963, with the approval of the Honorable Minister of State for Ports, Shipping, and Waterways.

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