Import/Export Industry Notifications

Metal packaging manufacturers are complaining repeatedly as the industry approaches the April 17 launch of official BIS standards on key raw materials tinplate and tin-free steel.

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Regarding the advisory dated 8th April 2021, - ref no. CCAI-257-080421, as per Notification No. 44/2021-Customs (N.T.) issued by the Union Ministry of Finance, Government of India, the implementation date of India Sea Cargo Manifest & Transhipment Regulations has now been further deferred to 31st May 2021.

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Krishi Udan scheme helps farmers in the north-eastern states of India in the transportation of 496 MT of fruits, flowers, vegetables, tropical fish, live plants, betel leaves, dairy products from Guwahati, Imphal, Agartala, and Jorhat airports.

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Pharma exports from India witnessed over 18% growth to USD 24.44 billion during the last financial year against USD 20.58 billion in FY20, the Pharmaceuticals Export Promotion Council of India (Pharmexcil) said on Saturday.

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The elimination of quarantine rules for fully vaccinated Hong Kong-based air freight crew is an aid for airlines like Cathay Pacific, which estimates the operational constraints caused by the regulation has added more than $100 million to its monthly costs in Q1.

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Kolkata Port Trust has requested container lines to stop levying congestion surcharge of $800 per container on its customers as the improved depth at Kolkata Dock System (KDS) had rendered the extra charge unnecessary, and to lower the cost to importers and exporters, and to check diversion of cargo to other ports.

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The Centre has recognised a series of steps to further cut down export-import related red tape by 2022 and make cross-border trade more manageable for businesses. The decline in penalties in cases where the breach is voluntarily disclosed by the merchant and releasing shipments before the final determination of customs duty payable is among the changes outlined by the CBIC in the plan

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On Friday, the Central Board of Indirect Taxes and Customs (CBIC) released the National Trade Facilitation Action Plan to reduce red tape under three heads—legislative, administrative and technology-related changes. Importers may get their shipments quicker and face lower penalties if they own up to breaches under a government action plan to smoothen cross-border trade.

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Unrest in Myanmar and high shipping charges have resulted in South-East Asian countries and Bangladesh turning to India to meet their maize (corn) demand for feed purposes. The problem for these countries is that the freight rates for getting maize from these countries are currently $55-65 (₹4,100-4,800) a tonne. Charges for a container are $500 (₹37,200). “In contrast, freight rates from India are $20 (₹1,500) a tonne.Unrest in Myanmar and high shipping charges have resulted in South-East Asian countries and Bangladesh turning to India to meet their maize (corn) demand for feed purposes. The problem for these countries is that the freight rates for getting maize from these countries are currently $55-65 (₹4,100-4,800) a tonne. Charges for a container are $500 (₹37,200). “In contrast, freight rates from India are $20 (₹1,500) a tonne.

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