Import/Export Industry Notifications

Forwarders in China are stating a sudden spike in demand for Silk Road rail freight, post-Ever Given. As per Shanghai-based Marco Reichel, space on trains to Europe was already tight before the week-long Suez blockage.

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The Digital Container Shipping Association (DCSA) said on 7th March that most of its members had adopted T&T standards, enabling an API that allows shippers real-time, cross-carrier data on their containers.

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It is now mandatory for new importer, exporter, and customs broker to verify their identity, including incorporation document, PAN, Aadhaar, and physical verification of place of business. The Customs (Verification of Identity and Compliance) Regulations, 2021, also gives customs authorities power to undertake identity verification of existing importers, exporters, and customs brokers.

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The Union Ministry of Agriculture and Farmers’ Welfare has started an initiative to develop a standard operating procedure (SOP) for two pesticides so that paddy farmers can develop good agricultural practices and avoid the presence of their residues in rice exports.

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Terminal congestion, rail car, truck power, and chassis shortages persist in Southern California. Hapag-Lloyd recommends customers clear US customs at the ports in Los Angeles and Long Beach for all containers being transported inland by rail.

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The Union Ministry of Agriculture and Farmers’ Welfare has started an initiative to develop a standard operating procedure (SOP) for two pesticides so that paddy farmers can develop good agricultural practices and avoid the presence of their residues in rice exports.

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The US wants to engage in technical cooperation with the Food Safety and Standards Authority of India (FSSAI) to develop alternatives to the ‘non-GM (genetically modified) origin and GM-free certificates’ that have been mandated by India for certain agricultural imports.

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Mundra Port, India’s most prominent commercial port by volumes, has gained another distinction in container handling by overtaking State-run Jawaharlal Nehru Port Trust (JNPT) to become the leader by handling 5.65 million twenty-foot equivalent units (TEUs) in FY21, posting a growth of 18% over the previous year.

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Vietnam and Thailand's exported price rate has reduced sharply in the last couple of weeks. A price reduction will help the exporters of these two countries to regain competitiveness. However, India is not worried yet as its export contracts are intact, and there are no indications that they will drop.

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