The container shortage problem is no secret and has been circling the market ever since the trading has begun after the Covid-19 lockdown has opened. The problem is not limited to the logistic industry but has also impacted manufacturing, retail business, and trading...
Been hearing rumours about a Containers shortage on the Asian ports lately? There have been several reports forwarded regarding a massive issue at Asian ports where carriers with premium trans-Pacific services are also lacking In assuring that the equipment will be...
India’s sudden export rise and less import have created the shortage for the containers. This container shortage is hurting exporters, who are trying to take advantage of economic recoveries in other countries. According to the industry experts, the waiting time...
The Govt. of India orders to extend the previously announced guidelines for Unlock 6.0. Ministry of Home Affairs (MHA) issued an order on 27th October 2020 to extend the guidelines for Re-opening, issued on 30th September, to remain in force up to 30th November 2020....
The government of India eased the policy to export Nitrile/NBR Gloves. It revised the HS code from “prohibited” to the “restricted” category. Indian govt. had banned their exports in June’20. With the new policy, exporters will be able to...
Customs clearance delays continue to weaken the Indian industry as they have extended from the earlier 15-20 days to 25-30 days, and in some cases, clearance is taking over a month, sources told. The industry and customs brokers are noticing the poor rollout of...
The pandemic has affected the health of the world population and has impacted the global economy in many ways. Here, we will talk about the export and import situation post lockdown in India. The world is currently facing a shortage of containers due to lockdowns and...
The Government of India announced Unlock 5.0 till October 31, 2020, outside the containment zones on Wednesday, 30th September. The Ministry of Home Affairs, India issued new guidelines to re-open more activities in a graded manner, in areas outside the containment...
Possible Court Challenge to Section 301 Duties A coalition of importers has just filed a Court challenge to the USTR’s imposition of Section 301 duties on certain imports from China under lists 3 and 4. These duties were imposed as part of a process purportedly...
For the first time in almost 50 years, the United Kingdom (UK) has issued its own tariff regime. The new UK Global Tariff (UKGT) will be effective from January 1, 2021, and is set to replace the European Union’s Common Customs Tariff (EU CCT), which continues to apply...
