Import/Export Industry Notifications

The restraints placed on industrial use of oxygen by the Centre to augment the availability of medical-grade oxygen for hospitals to save lives of critically ill COVID-19 patients is impacting exporters by exacerbating a shortage of containers.

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Five orders issued by GST Secunderabad on 6th May 2021- tax payer facilitation-Direct interaction with taxpayers and others.

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With an estimated 3.6 billion doses of Covid-19 vaccines expected to be produced by different manufacturers in Hyderabad over the next 18-24 months, GHAC is emerging as a crucial Covid-19 vaccine handling center temperature-sensitive cargo facility.

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On Saturday, The Central Board of Indirect Taxes and Customs (CBIC) approved businesses to import and export goods without furnishing bonds to the customs authorities until June-end, a move aimed at ensuring no delay or disruption in EXIM trade amid the Covid-19 pandemic.

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The Container market has seen an unusual rise in rates since the end of 2020. Container 1 year TC rates have surged to extraordinarily new highs, with 8,500 TEU values rising to a record 54,000 USD/day for April. This is an increase of 350% since June 2020.

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India’s most significant timber cluster at Kandla is, unfortunately, staring at a grey future with payments running into crores of businessmen getting stuck with wholesalers across the country and migrant laborers leaving in big numbers in the last two months owing to the Covid-induced situation.

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As two members of the development team have fallen sick due to covid, the maintenance work of the new RCMC portal is likely to be completed by Sunday. The new RCMC portal is likely to be up on 10.5.2021

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Hapag-Lloyd will apply a new General Rate Increase from Indian Subcontinent (ISC) and the Middle East to the USA and Canada, with an effective date of May 15, 2021.

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Due to the very high demand for the US, Hapag-Lloyd is offering extra loaders connecting India, Bangladesh, and Sri Lanka to the US-North East ports (East Coast).

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