Import/Export Industry Notifications

Regarding the advisory dated 8th April 2021, - ref no. CCAI-257-080421, as per Notification No. 44/2021-Customs (N.T.) issued by the Union Ministry of Finance, Government of India, the implementation date of India Sea Cargo Manifest & Transhipment Regulations has now been further deferred to 31st May 2021.

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Two large mergers and acquisitions offers within the ports sector involving Adani Group in a previous couple of days have proven what a few of India’s massive, unlisted state-owned ports, a lot larger than Krishnapatnam and Gangavaram by volumes dealt with, are lacking out when it comes to wealth creation.

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Shippers, big and small, need to re-assess their supply chain strategies for the post-pandemic new normal and find the best balance between transactional costs and supply chain speed, flexibility, and resilience.

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Air India Express (AIE) has increased its daily cargo operations, utilizing its B-737-800 fleet to lift agricultural products, chiefly fruits and vegetables, to West Asian countries, Singapore and Malaysia. The airline is using its 25 international departures daily from across the country for the export of agri-produce.

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Metal packaging manufacturers are complaining repeatedly as the industry approaches the April 17 launch of official BIS standards on key raw materials tinplate and tin-free steel.

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On Friday, the Central Board of Indirect Taxes and Customs (CBIC) released the National Trade Facilitation Action Plan to reduce red tape under three heads—legislative, administrative and technology-related changes. Importers may get their shipments quicker and face lower penalties if they own up to breaches under a government action plan to smoothen cross-border trade.

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The Centre has recognised a series of steps to further cut down export-import related red tape by 2022 and make cross-border trade more manageable for businesses. The decline in penalties in cases where the breach is voluntarily disclosed by the merchant and releasing shipments before the final determination of customs duty payable is among the changes outlined by the CBIC in the plan

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Kolkata Port Trust has requested container lines to stop levying congestion surcharge of $800 per container on its customers as the improved depth at Kolkata Dock System (KDS) had rendered the extra charge unnecessary, and to lower the cost to importers and exporters, and to check diversion of cargo to other ports.

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The elimination of quarantine rules for fully vaccinated Hong Kong-based air freight crew is an aid for airlines like Cathay Pacific, which estimates the operational constraints caused by the regulation has added more than $100 million to its monthly costs in Q1.

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