Import/Export Industry Notifications
20 April 2021
BUSINESS STANDARD | FTP benefits are available against settlement of claims by ECGC
20 April 2021
Para C.24 of the RBI Master Direction no.16/2015-16 dated January 1, 2016 (as amended), deals with write-off in payment 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). So, your bankers must proceed per Para 2.85 of HBP and not demand the surrender of incentives.
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20 April 2021
FINANCIAL EXPRESS | BIF seeks reversal of hike in import duties on components, PCBAs; writes to DoT, finance ministry
20 April 2021
Industry body Broadband India Forum (BIF) has requested the telecom department and the finance ministry seeking reversal of hike in import duties on components and PCBAs effected in recent Budget, saying the move will drive up the cost of making telecom products and may offset benefits of PLI scheme.
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20 April 2021
FRESH PLAZA | Indian rupee goes from best to worst performing currency in Asia
20 April 2021
The rupee has slumped 2.5% against the dollar so far in April after falling 0.1% in the quarter ended March. The rupee weakened past 75 per dollar for the first time in eight months this week. Federal Bank Ltd. expects it to fall further to 76 by year-end.
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20 April 2021
JOC | Asian container shortage set to intensify into May
20 April 2021
The challenges in sourcing container equipment in Asia are escalating, with unrelenting US import demand and choked logistics chains continuing to slow the turnaround of boxes.
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20 April 2021
THE HINDU | Textiles sector worried over completing export orders
20 April 2021
As the pandemic explodes, threatening to obstruct economic activity, the textile industry, which has never had it so good on the export orders front, has sent out an SOS to the Centre and state Chief Ministers.
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20 April 2021
FINANCIAL EXPRESS | Export hubs urge migrant workers not to leave
20 April 2021
Fearing a possible flight of migrant labourers in the wake of the second wave of the Covid-19 pandemic, exporters at some of the key hubs have started urging their workers to refrain from leaving the factories this time around just when order flows are improving.
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20 April 2021
DAILY PIONEER | Tamil Nadu's knitwear sector hit hard amid Covid surge
20 April 2021
When Europe gets cold, Tamil Nadu sneezes. The aphorism has been proved again as countries like Germany, France, and Britain announced a lockdown due to the Covid-19 pandemic leaving nearly one thousand knitwear units in Tirupur gasping for breath.
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20 April 2021
SPLASH 24X7 | North America responsible for the world’s container shortages
20 April 2021
A new analysis from Danish consultancy Sea-Intelligence shows just how much North America is to blame for the critical equipment imbalances challenging the global container shipping industry. Sea-Intelligence warned in its latest weekly report that the structural supply chain imbalances related to empty containers are not approaching normalisation.
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20 April 2021
THE HINDU | India has emerged as consistent, reliable supplier of agricultural products: APEDA Chairman
20 April 2021
India has emerged as a steady, dependable supplier of agricultural products: APEDA Chairman. Exports of APEDA scheduled products increased 21.3% during April-February last fiscal. Cereal exports increased 47.68% during the same period.
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