Import/Export Industry Notifications

An online module for adjudication, appeal, and review proceedings under the Foreign Trade Act, 1992, as amended and Foreign Trade Rule, 1993, as amended has been implemented with effect from 27.02.2021.

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Asia-North Europe container spot rates mitigated back slightly this week, as carriers ‘hoovered up’ stockpiled cargo accumulated before Chinese New Year. However, rates from Asia to the US increased again.

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CONCOR India inducted Scheduled Trains from ICD Khodiyar to Mundra/Pipavav Port on March’ 20. With the active support of Indian Railways, ICD has moved ever highest 37 trains to Mundra and 07 trains to Pipavav, with the lowest transit of 11 hours in February 2021.

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Eligible Importers availing facility of Deferred Payment of Customs Duty- today is the due date for deferred payment of Customs duty for Bill of Entry returned for payment from February 16, 2021 to February 28, 2021

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With an 18.6% share of India's Gross Domestic Product, the third quarter (October-December) of 2020-21 saw exports' contribution to economic growth drop to its lowest in the current financial year. Analysts and exporters say that this is not expected to improve in the next quarter, given the poor performance of outbound trade in the current quarter.

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Indian ports are returning to stabilising their goods' movement after months of operational disruptions since the COVID-19 breakout. All the shipping lines had reduced their capacity to 20-25% in the last year, said APM Terminals Pipavav Managing Director Jakob Friis Sorenson. It is getting normalised now.

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GCMMF, The Gujarat Co-operative Milk Marketing Federation that markets the brand Amul, was under tremendous pressure to pay a good price to Gujarat farmers following a glut of liquid milk during the pandemic last year. However, the export orders for skimmed milk powder (SMP) the dairy giant received over the past two months will allow GCMMF to continue paying a better price to its members.

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The Crown corporation said that the latest stage of a project that will see the further development of the Fairview Cove Container Terminal in Halifax's Bedford Basin would have no significant adverse environmental impact.

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A big boost for the apparel industry in the city, the Directorate General of Foreign Trade (DGFT), under the ministry of commerce and industry, on Thursday notified Noida as a ‘town of export excellence (TEE)’ for apparel products.

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