Import/Export Industry Notifications

Changes in IHC slab for 20’ slab till 31MT and 40’ slab till 33MT from Q3-2021 have been implemented.

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Amendment of import policy conditions for items under Exim code 07019000 of Chapter 07 of ITC (HS), 2017 Schedule - I (Import Policy).

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Addressing the container shortage and consequent surge in freight rates, the Federation of Indian Export Organisations (FIEO) on Monday noted how the freight rates had skyrocketed from the pre-pandemic period.

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Garment units in Tirupur are all set to commence production with 100% workers from Monday. The move has brought cheers to the workers, who were jobless for the past several weeks.

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The Meghalaya government is working out modalities to resume cross-border trade with neighbouring Bangladesh through its land customs stations (LCS). The authorities have decided to resume international trade, keeping with all safety norms.

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South Korea's logistics industry stakeholders have decried the Korea Fair Trade Commission's (KFTC) recent financial penalties on 12 country's liner operators, describing it as "a double blow amid tight shipping capacity".

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In a significant boost to harness the export potential of agricultural and processed food products from the north-eastern states, a shipment of fresh Burmese grapes referred to as ‘Leteku’ in Assamese has been exported to Dubai from Guwahati by the air route.

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China has replaced the United Arab Emirates as India’s second-biggest export destination in the fiscal year 2021, with outbound shipments to the neighboring country rising 27% to over $21 billion despite the pandemic.

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When exports appear to be the only support system for the Indian economy, exporters are being forced to shell out more to ship goods to global destinations.

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