Import/Export Industry Notifications

The FMC steps up the heat on ocean liners and the terminals; some of them operate to smooth the obstructed flow of containers that are currently causing port congestion and wreaking havoc on already strained supply chains.

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Asserting India's growing investment in the blue economy, on Friday, Prime Minister Narendra Modi said that the central government's policies would help India in becoming a hub for seafood exports.

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The Federal Maritime Commission said it would order container carriers and port terminal operators servicing the Los Angeles and New York areas to “provide information on their policies and practices related to container returns and container availability for exporters.”

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Indian rice exports gained impetus this week after an extra port was opened in the country's biggest rice-handling facility, possibly easing congestion. Traders said they are purchasing more rice from farmers in expectation of rising demand from importers, pushing domestic prices of un-husked paddy to a 10-year high of between 6,200 and 7,000 dongs per kg.

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On Thursday, Chief Minister Pinarayi Vijayan said that efforts were being made to introduce more services, including those of foreign airlines, from the Kannur International Airport.

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A federal maritime regulator orders the world’s largest containership companies to provide her agency with container detention and demurrage information to ensure they’re meeting their legal obligations.

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The Central Board of Indirect Taxes & Customs (CBIC) has issued Circular No. 05 /2021-Customs (N.T.) dated 17th February 2021 regarding Extension in SB005 alternate mechanism. BIC has been decided to measure trade facilitation to keep the Officer Interface available permanently to resolve such errors on payment of a specified fee by the exporter.

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The Central Board of Indirect Taxes & Customs (CBIC) has published Notification No. 17/2021-Customs (N.T.) dated 17th February 2021 concerning Levy of Fees (Customs Documents) Amendment Regulations, 2021. CBIC has notified Rs. 1000.00 fees for Handling of mismatch between Shipping Bill and GST returns in Customs Automated System.

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Thunderstorms accompanied with lightning and hail are forecast over Jharkhand, Madhya Maharashtra, Marathawada, and Telangana and with lightning over Uttarakhand, East Madhya Pradesh, Vidarbha, Chhattisgarh, Bihar, plains of West Bengal, Sikkim, Odisha, Andaman & Nicobar Islands, Arunachal Pradesh, Assam, Meghalaya, and Interior Karnataka on Thursday.

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