Import/Export Industry Notifications

Bangladeshi shippers have decided to persuade larger vessel owners to operate direct service from Chittagong port to the ports in the US and Europe to face the challenges.

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The Union ministry of agriculture has declared a grape cluster for Nashik district that would boost production, productivity, marketing and logistics for the produce.

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To crack down on soaring pulses prices, the Government on Friday imposed stock limits on wholesalers, retailers, millers and importers with immediate effect under the Removal of Licensing Requirements, Stock Limits and Movement Restrictions on Specified Foodstuffs (Amendment) Order, 2021, an official statement said.

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The excellent quantity of gross financial institution credit score by Indian airports has doubled to ₹9,464 crores as of Might 2021 compared with ₹4,519 crores final 12 months, based on information put out by the Reserve Financial institution of India.

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A doubling of detention and demurrage charges (D&D) during the pandemic has resulted in complaints across the US, Europe and Asia. Some shippers claim they have been charged thousands of dollars without really knowing why.

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Implementation of the Sea Cargo Manifest and Transhipment Regulations-reg.

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The privately-owned Inland Containers Depots (ICDs) in Bangladesh are choked up with export laden containers amid congestions at transhipment ports and berthing delay at Chittagong port, which is hampering operations at their yards.

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Under the freight smart cities initiative, city-level logistics committees would be formed, and they will have related government departments and agencies at the local and state levels. The commerce ministry on Friday said it unveiled plans for smart freight cities to improve urban freight efficiency and create an opportunity for a reduction in logistics costs.

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The government will probably increase the allocation for its flagship export tax refund scheme — Remission of Duties and Taxes on Exported Products (RoDTEP) — by a third this fiscal, among apprehensions the current budgetary outlay of Rs 13,000 crore will fall way short of the amount required to implement the GK Pillai panel recommendations. The allocation for RoDTEP may be raised by about Rs 4,000 crore; sources told FE.

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