Meldingen uit de sector importeren/exporteren

In a major relief to several companies, the government has asked tax officials to allow refunds of unutilised input tax credits to companies in certain cases. Many tax officials have been rejecting refunds after claiming that companies are not eligible for such refunds unless it’s explicitly reflected in the forms (GSTR-2A).

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Labour shortage and scarcity of containers at the ports has hit India’s rice exports to Africa, Saudi Arabia, Iraq, Iran and the United Arab Emirates. While Africa imports non-basmati rice from India, the Gulf countries rely on India’s basmati rice for their domestic consumption. Trucks are standing at the Kandla and Mundra ports for a minimum of seven days as there is no labour to unload the trucks.

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India is pushing for increasing shipments of frozen foods as it seeks to capitalize on a surge in demand. A huge opportunity has opened up mainly in East Asian nations, which are looking for alternative suppliers for frozen food and the government is helping local companies take advantage of the situation.

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India is set to allow shipping bills of lading to be filed over a blockchain platform. The country’s efforts to digitise its maritime supply chains have become increasingly urgent. The paper-based administrative processes that accompany container shipping have been severely hampered by the coronavirus pandemic and the consequent lockdowns. The paper-based administrative processes have led to the port congestions as well.

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Exporters have seen a 20% rise in export inquiries in the last fortnight from the US, Australia and Japan. Cotton yarn is exported at a 15-20% discount especially to China, handicraft exporters are getting inquiries worth Rs 150 crore in a span of four days, and the EU resumes its jewellery imports.

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The free trade pact signed between emerging South East Asian powerhouse Vietnam and the 27-member Belgium-headquartered custom block, the European Union (EU), doesn't bode well for India. The FTA was ratified on June 8 and will ensure zero duty trade on 99 percent of products Reuters reported. Indian exporters maintain that they have been already losing market share to Vietnam in the EU market, which accounts for close to one-fifth of Indian outbound shipments.

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India’s minister for chemicals and fertilizers, Sadananda Gowda stated that the Department of Pharmaceuticals has approved the lifting of ban on Export of Hydroxychloroquine API as well as formulations. Manufacturers, except export-oriented units and those in special economic zones, would still have to supply 20% of their production to the domestic market.

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The Association of Planters of Kerala has come out against the Rubber Board proposal to set up an e-auction platform for trading natural rubber. The planters body felt that the current open market system, where the elasticity of supply and demand determine the price level, will be the right mechanism for the rubber sector.

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The government has restricted the exports of Swabs sterile synthetic fibre swabs, probes and primers specific for Covid-19 testing, along with nine others. It also retained the restrictions on the export of specific diagnostic kits, reagents, and instruments such as swabs, sterile synthetic fibre, silicon columns and magnetic stand, amid the Covid-19 pandemic.

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