Import/Export Industry Notifications

The concessionary period granted for importers to clear the containers from all commercial ports only with basic charges ended on the 8th May 2020. Going forward, the importers will have to pay late fees to clear the containers. Four warehouses of the Colombo Port are filled to the maximum capacity.

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India’s non-basmati rice exports are set to increase demand from new buyers such as Malaysia and the Philippines. Firming prices, coupled with a decline in rupee, is seen aiding the shipments of the cereal. After almost a 40 per cent decline in shipments during the last financial year, the demand from new buyers should help the recovery in exports this year.

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The West Bengal government did not allow the cross-border movement of essential goods via the Indo-Bangladesh border. The traders claimed that trucks loaded with rice are stuck at the border, causing daily losses to the freight companies. After the MHA has intervened and directed strictly to the West Bengal state government, rice exports to Bangladesh through West Bengal will likely begin soon.

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As the demand for apparels shoots up due to the Golden Week in Japan, it is a golden opportunity for the garment exporters. As the festive occasion is around the corner, the buyers in Japan are desperate for their consignments. They had placed orders months back. But, the garment exporters in Rajasthan are struggling to deliver the Japanese consignments in the crisis due to the outbreak of COVID 19.

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The Karnataka government has allowed garment units in red zone districts, but outside containment zones, to resume operations. All garment factories having IEC and registered with the AEPC can start operations with one-third of the total workforce in red zone districts. The permission is subject to following the Standard Operating Procedures.

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The Covid-19 pandemic is prompting many nations to exit China and explore India as a possible alternative. The GOI is keen to attract these investments into the country and the exporters are looking to grab China’s share in the global market. India's share in the $1 trillion global plastic exports market is 1% currently, while China's is as much as 10%.

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India annually exports 10-12 lakh tonnes of buffalo meat valued at Rs 20,000 crore. Exports have come to a standstill as most meat units ran out of existing stocks and animal markets have been shut for weeks. Meat sales and exports may pick up significantly as the curbs will slowly be lifted. The GOI is considering reviving animal markets and allowing movement of goats, sheep and buffaloes by road, especially in the UP.

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The KPT has offered to provide extra space of KPT land for storage of containers for terminal operators at no cost. The CEOs of private terminals consider some concession in the rental subject to approval by the Board of Trustees. The terminal operators demonstrated a willingness to help the consignees by allowing the additional 10 days free to complete the necessary formalities and clear the cargo.

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India has banned the export of masks that fall under specific tariff code. The issue is all masks have the same HSN code. N-95 and surgical masks are required for Covid-19. The issue is now being examined. The industry says that customs authorities are not permitting the export of knitted cloth masks under the apparel and clothing accessories tariff code.

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