Import/Export Industry Notifications

Canada Border Services Agency (CBSA) recently issued a new Customs Notice 20-28 confirming the timetable for full transition of electronic house bill (eHBL) filing requirements that apply to Freight Forwarders and NVOCC’s. As of November 1, 2020, CBSA will promote the final piece of system enhancements that will enable FF/NVO to submit eHBL for all consolidated shipments.

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The Mandatory User Charges is revised to INR 165 per container (subject to tax) effective 05 September 2020, for Chennai ; Kattupalli ; Krishnapatnam ; Cochin ; Visakhapatnam ; Mangalore ; Tuticorin ; Hazira ; Nhava Sheva ; Kolkata ; Haldia and Mundra ports. OOCL has issued a notification regarding this to all their stakeholders.

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India is set to maintain sugar export subsidies for a third year in a row in a bid to reduce surplus stocks and ensure domestic prices don't fall below a government benchmark. The subsidies are designed to boost exports from the world's second biggest sugar producer though increased shipments could put further pressure on global prices, which have already fallen more than 10% so far this year. Sugar export incentives for 6 million tonnes could be announced before the end of this month

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India’s sugar exports will rise 50% to a record of over 5.7 million tonnes in the season ending this month, helped by the depreciated rupee, subsidy and lower output from rival suppliers. The government expects the robust performance to continue in the next season also. Export shot up due to sustained demand at global market. The highest sugar export before this was in 2007-08 when India shipped 4.9 million tonnes.

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Though a duty of 30% has been imposed by the Union government on export of all grades of iron ore, including fines, which have Fe (iron) content above 58%. No duties whatsoever are imposed on the export of pellets, a value-added product manufactured by agglomerating these fines. Iron ore pellet exports have continued unabated despite a Union government policy whereby only the state-owned KIOCL Limited, formerly known as Kudremukh Iron Ore Company Limited, or its authorised subsidiaries, is allowed to export these.

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Indian chemical executives are betting that they will increasingly win in the global marketplace. Managers at Indian specialty chemical companies see a door opening for India. China has cracked down on environment scofflaws, forcing some small chemical makers there to shut down. US President Donald Trump is making it hard to do business with China through a combination of import tariffs and intellectual property prosecutions. And, COVID-19 is making all chemical buyers rethink and diversify their supply chains.

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Larger container ships calling Japanese ports has led carriers to alter port rotations to avoid vessels bunching together, with some box ships being forced to depart earlier than planned to prevent delays and congestion.

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As of September 15, 2020, HAPAG LLOYD is applying a General Rate Increase Surcharge for all cargo loading from North India Inland Container Depots (ICD) to Middle East and Indian Subcontinent. North India ICDs are those that are situated in the Indian states of Delhi, Uttar Pradesh, Haryana, Rajasthan and Punjab. USD 100 per 20’ Standard Container, USD 100 per 20’ Standard Container and USD 200 per 40’ High Cube Container will be applied.

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The global economy was already on shaky grounds with high debt-fuelled growth of the past decade when the COVID-19 pandemic dealt a crushing blow. It has accelerated the inevitable crisis, and even a country as large as India cannot pull up the economy with the sole strength of its domestic demand. In this backdrop, export-led growth becomes imperative for sustained high growth levels.

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