Meldingen uit de sector importeren/exporteren

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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Air India Express (AIE) has increased its daily cargo operations, utilizing its B-737-800 fleet to lift agricultural products, chiefly fruits and vegetables, to West Asian countries, Singapore and Malaysia. The airline is using its 25 international departures daily from across the country for the export of agri-produce.

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Shippers, big and small, need to re-assess their supply chain strategies for the post-pandemic new normal and find the best balance between transactional costs and supply chain speed, flexibility, and resilience.

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Two large mergers and acquisitions offers within the ports sector involving Adani Group in a previous couple of days have proven what a few of India’s massive, unlisted state-owned ports, a lot larger than Krishnapatnam and Gangavaram by volumes dealt with, are lacking out when it comes to wealth creation.

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On Thursday, MSME Minister Nitin Gadkari emphasised the opportunity MSMEs in India have to plug themselves into the global supply chains as countries look to diversify their supply out of China. As per a survey covering over 150 companies in India by FICCI and Dhruva Advisors in December 2020, 69% of the respondents expected global companies to exit China and move to India.

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