Import/Export Industry Notifications
08 December 2020
THE LOADSTAR | Equipment and capacity squeeze sees South China cargo bookings suspended
08 December 2020
Shipping lines have announced the temporary suspension of cargo bookings into South China next month. ONE made a similar announcement, restrictions beginning on 5 January and lasting at some ports until 26 February. Ports impacted include Guangdong, Guangxi, Hainan, Yunnan, Guizhou, and Fujian.
08 December 2020
FRESH PLAZA | Postponed- GMO-free certification for the export of fruits to India
08 December 2020
Last summer, the Indian Food Safety and Standards authority made the GMO-free certification mandatory from 1st January 2021 to import fruits and vegetables. However, the GMO-free certification for the export of fruits and vegetables has been postponed by two months, from 1st January to 1st March 2021.
07 December 2020
MONEY CONTROL | Plastic Processors Hit Hard As Few Traders Create Artificial Scarcity
07 December 2020
As India is steadily emerging out of the Covid-19 lockdown, a few merchants have turned to hoarding crude plastic materials and making a quick buck by offering it to small processors at a significant premium over the list prices of resin manufacturers.
07 December 2020
NEW INDIAN EXPRESS | Rising forex could turn to be a bane for the currency
07 December 2020
To keep the rupee value stable and encourage India’s flagging exports, the Center has been empowering the Reserve Bank of India (RBI) to proceed with its strategy of purchasing dollars aggressively.
07 December 2020
THE HINDU | Garment exporters urged to tap potential in Canada
07 December 2020
Canadian organizations are taking a look at sourcing readymade garments from India and Indian apparel manufacturers can possibly expand the nation's share in the Canadian market, as per Indian High Commissioner in Canada Ajay Bisaria.
07 December 2020
THE HINDU | AEPC seeks simplification of rules in export promotion schemes
07 December 2020
At a meeting of the Board of Trade held to seek suggestions on a new Foreign Trade Policy, Mr Sakthivel said, “At present, the facility of self-certification and self-ratification, available under the Advance Authorisation scheme to other sectors, is not available to the apparel sector. In cases where Standard Input-Output Norms (SION) are not there, exporters in the apparel sector have to wait for a longer period for getting SION fixed in the norms committee. So, for faster clearances of these cases, facilities of self-certification and self-ratification must be made available to the apparel sector as well,” he said.At a meeting of the Board of Trade held to seek suggestions on a new Foreign Trade Policy, Mr Sakthivel said, “At present, the facility of self-certification and self-ratification, available under the Advance Authorisation scheme to other sectors, is not available to the apparel sector. In cases where Standard Input-Output Norms (SION) are not there, exporters in the apparel sector have to wait for a longer period for getting SION fixed in the norms committee. So, for faster clearances of these cases, facilities of self-certification and self-ratification must be made available to the apparel sector as well,” he said.
07 December 2020
THE HINDU | Chennai Customs steps in to ease congestion at Chennai and Kattupalli ports
07 December 2020
Chennai Customs have stepped-up and decided that public notice register containers and direct port delivery containers lying at Chennai and Kattupalli ports will be evacuated by rail to the inland container depot (ICD) run by Container Corporation of India Ltd (Concor) at Tondiarpet from midnight of Saturday to ease congestion at Chennai and Kattupalli ports.
05 December 2020
ONE LINE | Update on MV ONE APUS 006E/W as of December 4
05 December 2020
MV ONE APUS confirms that ONE Apus is proceeding to the port of Kobe, Japan, with an ETA of December 8, after facing severe weather on Monday, November 30, 2020, and losing sections of its load. The main priority of ONE Apus is to get the crew and vessels safely to the port. After berthing, it is expected to take some time to offload the dislodged containers that remain on board. Once done, a thorough assessment will be conducted on the exact number and type of containers that have been damaged and lost.
05 December 2020
FINANCIAL EXPRESS | Shipping costs skyrocket, exporters feel the heatFINANCIAL EXPRESS | Shipping costs skyrocket, exporters feel the heat
05 December 2020
Prior to the Christmas season, shipping costs have soared since August; worsening distresses of exporters already wrestling with a series of difficulties this year — from a Covid-prompted cancellation of orders and exodus of migrant labourers to a drastic cut in government benefits.
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