Import/Export Industry Notifications

More than 1,000 containers have been stuck at India’s Mundra port as authorities crackdown on the illegal self-sealing of goods amid a persistent shortage of equipment, sources said. The concerned official in the Mundra customs department declined to comment when contacted by S&P Global Platts.

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AC imports registered an 87% fall to 74,000 in January, from 553,000 units in the year-ago, as per industry data. India’s decision to restrict the import of air-conditioners (ACs) to promote local manufacturing prompted Japanese companies to lodge a protest with New Delhi.

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India is the second-largest producer of tea across the globe. Despite that, it imported 47% more leaves at 23.4 million kg in 2020 against 15.9 million kg in 2019. Due to the continuous buying process of cheap and low-quality tea leaves, the country is, unfortunately, witnessing its import bill shoot up each year.

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As per the analysis of a survey, the logistics and supply chain sector were unprepared for the disturbances caused by both the trade dispute with China instigated by President Donald Trump in 2019 and the subsequent Covid-19 pandemic a year later.

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Tax-free import of Iranian apples through Afghanistan and the Wagah border could adversely affect the Kashmiri apple business in India, say, local growers.

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India accounts for nearly 6% of the global fish production and is considered the biggest shrimp producer. In the preceding fiscal, India exported 12,89,651 tonnes of seafood worth $6.68 billion. In an interview with FE’s Rajesh Ravi, KS Srinivas, chairman of the Marine Products Export Development Authority (MPEDA), talks about the impact of the Covid-19 on the seafood sector and its outlook.

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NASSCOM submitted a representation to DGFT to submit suggestions received by the industry to review the Global Authorisation for Intra-Company Transfer (GAICT) scheme. The representation refers to Public Notice 20, which notified the GAICT scheme and Public Notice 65 to implement GAICT.

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The Mainline Electric Multiple Unit (MEMU) rail coach factory project in Rajasthan’s Bhilwara, proposed by the then United Progressive Alliance government, has been scrapped, Parliament was informed on Wednesday.

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To boost the export potential of India’s agricultural and processed food products during the COVID19 pandemic, APEDA launched its first Virtual Trade Fair (VTF) on 10th March 2021. The fair will conclude on March 12, 2021.

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