Increase in Air Freight Rates Due to COVID-19, many things have taken a different turn. This caused different impacts globally including the cost of shipping goods and exports taking a high hit in the rates. The exports take place through three major modes: Train,...
Covid19 has now reached new heights in infecting a number of people. The amount of loss it is creating is not just limited to people. Suffering from Covid19 is affecting everyone around, including friends and family! The count does not end here, due to the increase in...
India is facing a tragic high in the COVID-19 case. The country recorded 259170 new cases and 1761 deaths on Tuesday, according to MoHFW. With this, India has reached 15,321,089 COVID-19 cases in total while the active case’s tally has reached 2 million. All...
The world had been facing the greatest issue of container shortage at the ports after being hit by the Coronavirus. The problem made a huge impact on the imports and exports causing the delay in deliveries for over 3-7 days. There were times when ships had to steady...
Ministry of Commerce & Industry, Govt. of India made it mandatory to update the IEC details for all IEC holders every year. The Directorate General of Foreign Trade (DGFT) issued a notification that from April to June once every year the IEC holders are now...
The Govt. of India announced new guidelines for effective control of COVID-19. Ministry of Home Affairs (MHA) issued the guidelines on 23rd March 2021, which will remain in force up to 30th April 2021. The govt stated that the coordinated effort of Central and...
The first Sale has been a very common way out for the people to reduce the customs duty liability on the goods which are being imported to the United States. U.S. Court of International Trade, therefore, issued a decision with important ramifications for any such...
There has been a huge increase in ocean freight costs in the last few months, which has resulted in many exporters facing losses in their business from various nations. This upsurge in the freight cost has crossed the limit and has made it difficult for the exporters...
Severe container congestion has hit Shenzhen’s Yantian port. The port is responsible for handling one-third of Guangdong’s foreign trade shipments and one-quarter of China’s exports to the U.S. Yantian port mainly connects China with Europe and the U.S. The port has...
The trans-pacific container system is slowing under the Asia import surge. Importers are spending double on equipment capacity, and carriers are prioritizing imports over lower-paying exports. This has angered US and Canadian farmers and exporters. There is...
