EXIM trade: Customs department eases norms on bond submission

The Central Board of Indirect Taxes and Customs (CBIC) has eased the rules regarding submission of bonds by importers and exporters to expedite Customs clearance of goods and to maintain a balance between Customs control and facilitation of legitimate trade in the wake of the nationwide lockdown. The CBIC has approved relaxation of the requirement.

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PHD Chamber organizes an Interactive Video Conference with Mr. N. Sivasailam

PHD Chamber of Commerce and Industry (PHDCCI) organized an Interactive Video Conference with Mr. N. Sivasailam, IAS, Special Secretary, Logistics, Department of Commerce, Government of India on April 02, 2020, regarding Issues of the Logistics Sector during COVID 19 Lockdown. The video conference received extensive participation of around 500 senior industry members from the logistics,.

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Parcel cargo express train to run from Coimbatore to Chennai today

To ensure an uninterrupted supply of medicines, medical equipments, masks, food items and other essentials in the wake of Covid-19, Southern Railways proposes to run a parcel cargo express service between Coimbatore and Chennai Central on Friday. The parcel express cargo train service will comprise two high-capacity parcel vans and an SLR (seating-cup-luggage rake) coach.

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Covid-19 lockdown: Transporting goods still a challenge despite govt orders

The 21-day nationwide lockdown has disrupted the movement of goods across the value chain, notwithstanding the home ministry’s 29 March order allowing transportation of all goods – both essential and non-essential. Reports of police high handedness to enforce the lockdown have not helped matters and resulted in shortage of delivery executives and labour for loading.

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FFFAI appeals to Government regarding effects of COVID-19 on EXIM trade

Below is the reproduction of the appeal sent out by Shri AV Vijaykumar, Chairman, FFFAI. We are in the midst of the countrywide lockdown/people curfew – called by the Honourable Prime Minister to fight COVID-19 pandemic. Both the Central and the State Governments have been issued various guidelines, restrictions and some relaxations. We, as FFFAI,.

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Railway land deal, Covid-19 trade impact to limit upside in Concor

The Container Corporation (Concor) stock has shed 44 per cent since the start of February on worries related to the purchase of land from the railways and the disruption caused by the outbreak of Covid-19 on global trade. Even before the current meltdown, the stock has been on a downtrend on a possible Rs 8,000 crore deal.

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Qatar airways cargo to operate additional air freight capacity to India

Qatar Airways Cargo on Wednesday announced that it will be adding more air freight capacity to and from India with the utilisation of passenger aircraft carrying freight-only from April 1, 2020. Qatar Airways Cargo, one of the world’s leading air cargo carriers, said these flights will be in addition to the cargo carrier’s existing freighter.

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50 per cent of demurrage charges waived on imported air cargo

The waiver is for utilising storage facility at cargo terminals for storage of import cargo, goods, unaccompanied baggage, stores, courier bags, express parcels, postal mail for extended period With importers facing difficulty in clearing cargo from airports across the country due to the lockdown, the Ministry of Civil Aviation (MoCA) has waived 50 per cent.

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