Import/Export Industry Notifications

Vide Break the Chain Order dated 13th April 2021, the Govt. of Maharashtra (GoM) has categorized Export-Import activity of All products under Essential Category, and therefore the Offices of Exporters fall under the ambit of Exemption Category. The Manufacturing Unit by Exporters that need to fulfill export obligation may remain operational with full capacity.

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Commerce Secretary Anup Wadhawan said on Tuesday that despite a significant spike in Coronavirus cases, India's exports are showing an increasing trend and are expected to be in the "solid" positive territory during the current fiscal.

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According to new data from the Transport Asset Protection Association (TAPA), almost €500,000 goods were stolen from EMEA [Europe, Middle East, and Africa] supply chains in 2019 and 2020. And TAPA warned that these figures were likely to be just the tip of the supply chain crime iceberg.

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According to a carrier source, container hub ports that used the week-long lull from ship arrival delays to prepare their landside facilities for the box onslaught are now "full to the brim." The knock-on effects of the blockage of the Suez Canal are likely to impact North Europe supply chains until June.

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On Tuesday, the Union Cabinet gave its ex post facto approval to a Memorandum of Understanding (MoU) between India''s Director General of Trade Remedies and the Bangladesh Trade and Tariff Commission to increase cooperation in the area of trade remedies, an official statement said.

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Maersk has told customers the strong cargo demand out of Asia Pacific would likely continue throughout the second quarter. Equipment shortages in Asia will get worse over the next two weeks, say carriers, impacting both deepsea and intra-Asia trades.

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The government is working on a system to soon provide a report to GST officers on a real-time basis for those vehicles moving without e-way bills to help intercept stuck trucks at toll plazas and check GST evasion.

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Union Minister for Commerce and Industry, Piyush Goyal, on 19th April 2021, launched the Startup India Seed Fund Scheme (SISFS). The Fund aims to provide financial assistance to startups for proof of concept, prototype development, product trials, market entry and commercialization.

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From April 1, 2020, to March 31, 2021, oil meal exports from India saw a strong growth of 51%. A press statement issued by the Solvent Extractors’ Association of India on Monday said that in last fiscal India had exported 36.80 lakh tons of oil meal exports as compared to 24.33 lakh tonnes recorded in the financial year 2019-21.

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