Import/Export Industry Notifications

In a stringent view, the Government has launched an inquiry while examining a complaint moved by the largest producer of Vitamin C in India, Bajaj Healthcare, alleging that the domestic industry is impacted due to the dumping of Vitamin C from China. This comes in wake of the complaint moved by Bajaj, which alleged that the domestic industry is impacted due to the dumping of Vitamin C from China PR and sought the imposition of anti-dumping duty on the imports.

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Container transport to and from Chattogram port remained suspended for 12 hours as workers running articulated Lorries went on a sudden work abstention demanding appointment letters and protesting sacking of fellows from a private company. The 18 private inland container depots (ICDs) in and around the port city and the port's six berth operators have not issued appointment letters even after signing relevant agreements with the union six months ago.

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The government has decided to send 1,475 tonnes of hilsa fish to India as a gesture of goodwill on the occasion of Durga Puja, an annual Hindu festival, and has already given the go-ahead to nine exporters to begin shipments from the next week. The commerce ministry shared the info via a circular issued on September 10.

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India’s refined palm oil imports dipped to zero for the second consecutive month in August this year. It dropped as against 2.57 lakh tonnes imported during the same month last year, according to trade body Solvent Extractors’ Association of India (SEA).

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Container transport to and from Chittgong port has resumed as workers of prime mover-trailers postponed their work abstention for 17 hours. They postponed their strike for 17 hours from 6pm on Saturday following request from the administration. Their demand includes receiving appointment letters, establishing a minimum wage structure, and reinstating some of their fellow workers terminated by a transport company. Shipment of export-import containers between Chittagong Port and 19 private inland container depots (ICDs) remained suspended due to the strike.

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The BIFA says that recent announcements by some container shipping lines that they will discontinue low sulphur fuel surcharges will be welcome news for its members. The trade association for UK freight forwarding and logistics companies has long challenged the legitimacy of shipping line surcharges. It accused the carriers of profiteering when they announced in 2018, almost in unison, that they would be introducing the low sulphur surcharges significantly in advance of the IMO 2020 regulation which took effect on January 1st 2020.

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Union Minister for Agriculture & Farmers’ Welfare, Rural Development and Panchayati Raj Narendra Singh Tomar inaugurated 22 bamboo clusters in nine States. Madhya Pradesh, Gujarat, Maharashtra, Assam, Odisha, Nagaland, Tripura, Uttarakhand & Karnataka were the states where the bamboo clusters were inaugurated through virtual mode. He also released a logo for the National Bamboo Mission. India is now gearing up to increase the export of bamboo products.

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While potato prices are soaring in the retail market in Saurashtra, onion prices too seem to be heading in the same direction as heavy rains in August has damaged the kharif crop and delayed harvest. Onion prices have more than doubled over the past one month at Mahuva agriculture produce market committee (APMC), the biggest wholesale market of the bulbs in the state, as arrivals have remain more or less stable while fresh crop is yet to arrive. The modal price of red onion in the Mahuva APMC in Bhavnagar was quoted Rs1,725 per 100 kgs earlier this week.

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Shipping companies have blasted a new round of industrial action set for Brisbane, warning of huge costs to importers and crisis levels of empty containers. The Maritime Union of Australia (MUA) has declared protected industrial action for 24 hours at the DP World Terminal, according to liner lobby group Shipping Australia.

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