Import/Export Industry Notifications
13 April 2021
THE HINDU | Vietnam begins buying higher grade rice from India
13 April 2021
Vietnam, which recapitulated rice imports from India after decades of purchasing lower-priced 100% broken variety, has now begun to buy better quality grades to meet its other domestic needs.
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13 April 2021
BUSINESS STANDARD | Exporters remain optimistic with weaker rupee and low interest rates
13 April 2021
The Indian rupee fell 105 paise against the US (United States) dollar on Wednesday, soon after the Reserve Bank of India (RBI) announced its monetary policy. By Friday noon, the rupee had fallen to Rs 74.94 to a US dollar. This can make exports more rewarding, imports more expensive and boost customs revenues.
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13 April 2021
RBI | Extention of Interest Equalization Scheme for Pre and Post Shipment export credit
13 April 2021
Government of India has approved the extension of Interest Equalization Scheme for Pre and Post Shipment Rupee Export Credit, with same scope and coverage, for three more months i.e. upto June 30, 2021
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12 April 2021
BUSINESS TODAY | India's top-12 ports witness 4.59% fall in cargo handling to 673 MT in FY21
12 April 2021
According to ports' apex body IPA, India's 12 major ports witnessed a 4.59% fall in cargo handling to 672.60 million tonnes (MT) in the just-concluded financial year after being hit by disturbances caused by COVID-19.
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12 April 2021
THE HINDU | Govt. looking to export 5,000 tonnes of mangoes
12 April 2021
The Horticulture Department has set an ambitious target of exporting 5,000 metric tonnes (MT) of mangoes to multiple destinations worldwide this year.
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12 April 2021
OUTLOOK INDIA | Exports from Indore SEZ jump 24.5 pc to Rs 11,944 cr in 2020-21
12 April 2021
A commerce ministry official said that the soaring demand, especially for medicine, amid the global coronavirus outbreak pushed up the exports from the Indore Special Economic Zone (SEZ) by around 24.5% to nearly Rs 11,944 crore in 2020-21.
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12 April 2021
TELEGRAPH INDIA | Calcutta Port Trust posts 26% surplus hike
12 April 2021
Calcutta Port Trust (CPT) has recorded its highest-ever net surplus in at least a decade in 2020-21, a year initially ruined by the unprecedented disruptions caused by the pandemic. The port managed to log in a 7.3% rise in revenue, backed by higher port charges, land revenue and new cargo and cost control measures.
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12 April 2021
TOI | Customs dept confiscates wrongly declared consignment
12 April 2021
In action against the wrong declaration of an import consignment, the customs commissionerate of Ludhiana has confiscated goods at Container Freight Station, Overseas Warehousing Private Limited, (CFS-OWPL), Ramgarh.
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12 April 2021
FINANCIAL EXPRESS | Over Rs 35,000-crore export aid held up amid trade recovery
12 April 2021
According to trade sources, the government is holding back export benefits worth at least Rs 35,000 crore under the Merchandise Export from India Scheme (MEIS), including sizeable funds traceable to FY20. The RoDTEP scheme is on a “solid footing” and is in sync with best global practices, so the government shouldn’t worry about any challenge at the WTO, Sahai asserted.
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