Import/Export Industry Notifications

As per Para C.22 of RBI Master Direction no. 16/2015-16 dated January 1, 2016 (as amended), on “Export of Goods and Services,” AD Category-I ban­ks may remit export claims on application, provided the relative export proceeds have already been realised and repatriated to India. The exporter is not on the caution list of the RBI.

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The final 85 ships passed through the waterway on Saturday. According to Egyptian authorities, the queue of hundreds of ships built up around the Suez Canal after the grounding of the Ever Given vessel has been cleared.

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On Monday, Logistics major CMA CGM Group said it had received the first-ever block train from Mundra to Sanand in Gujarat jointly with Hasti Petro Chemical and Shipping.

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Goa markets are receiving local mango variants abundantly at this point. This season, however, delayed flowering has led to the late arrival of the Goan Mancurad, Hilario, and Xavier varieties.

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Maersk’s has decided to temporarily suspend spot and short-term contract bookings from Asia following the Suez Canal blockage. This has left forwarders and NVOCCs struggling for alternatives.

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Disruption to ocean markets from the almost week-long blockage of the Suez Canal has pushed up demand for air cargo out of Asia

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Freight traffic handled by 12 major ports in the country contracted 4.6 percent year on year to 672.61 million tonne in FY 2020-21 due to disruptions caused by the COVID-19 pandemic, mainly in the first half of the year, data released on April 5 by the Indian Ports Association showed.

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While Maharashtra embraces another lockdown, the transportation sector continues its uninterrupted support to the Nation as an essential goods service provider.

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Krishnapatnam port set to become the gateway of South India. With Krishnapatnam set to double its traffic, this gateway location and connectivity will drive manufacturing and industrial growth in Andhra Pradesh and all of South India.

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