Import/Export Industry Notifications

The Department of Commerce and Department of Finance are under active consultation for early finalisation of the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme guidelines and remission rates for export items Piyush Goyal told Rajya Sabha MP and former Union Minister Suresh Prabhu.

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Extension of policy for pre-shipment dumping of Iron Ore/ Iron Ore Pellets near GCB of Paradip Port. The circular comes into force with effect from 07.05.2021 and will remain valid till 31.10.2021.

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The nation’s primary sea port Chattogram has decided to close its operations only for one shift during Eid day instead of four shifts. The port usually remains shut for all four shifts during Eid vacations. Labourers stop working after seeing the moon and then returning to the office in the morning shift after the Eid day.

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The Ministry of Commerce and Industry, on 10th May 2021, said that the COVID-19 Helpdesk, started by the Directorate General of Foreign Trade, DGFT, has resolved 78 issues out of the 163 requests received seeking support, policy clarity, and relaxations.

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Indian sugar mills may accomplish their target of exporting 6 million tonnes of the sweetener by the end of June, three months before September, when the 2020-21 season ends.

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Singapore has tightened its anti-covid measures operating in the port area after four workers were detected as having the virus.

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Amendment in import policy of Integrated Circuit s (1Cs) and incorporation of policy condition for HS Codes 85423100, 85423900, 85423200, 85429000, and 85423300, of Chapter 85 of lTC (HS), 2017, Schedule - I (Import Policy).

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Restoring the facility under Circular No. 17/2020 dated 03.04.2020, namely, "Measure to facilitate trade during the lockdown period- section 143AA of the Customs Act, 1962". CBIC has decided to restore the facility of acceptance of an undertaking in lieu of bond by Customs formations from the date of issue of this Circular till 30.06.2021.

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The Centre has extended the deadline for importing urad under the 2020-21 fiscal year quota of 1.5 lakh tonnes to May 15. It had earlier extended it to April 30 from March 31 as shipments from Myanmar, the only source for urad outside India, were impacted as the prevailing political unrest disrupted the supply chain.

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