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PORT CONGESTION SURCHARGE
Iran-US war pushes polymer, resin prices up 60%; plastics exporters squeezed despite ceasefireFreight rates jump up to 10x, polymer prices rise 60%, while supply disruptions and supply chain delays strain MSMEs and the sector's expor...
Iran war: Indian seafood exporters stare at Rs 1,500 crore lossSustained disruption could destabilise the coastal economy and weaken India’s export competitiveness, say experts and stakeholders
India Inc seeks export ban on key inputs, QCO relief amid Iran warIran War: Industry is urging the government to consider an export ban on key raw materials like sulphur and helium, alongside temporary rel...
Hyundai Motor flags export disruptions as Middle East conflict hits shippingHyundai Motor faces export disruptions due to the Middle East conflict. Shipments to Europe and North Africa are delayed, increasing costs....
Press Note 3 of 2020 amendment provides for beneficial ownership definition: Govt to ParliamentNew rules define beneficial ownership for countries sharing land borders with India. Investors from these nations can hold up to 10% owners...
Farm exporters take costly detours as Middle East conflict disrupts tradeIndian horticulture exporters are rerouting shipments to alternative Middle East ports like Khor Fakkan. This move aims to bypass congestio...
A distant war, a direct hit: India’s trade arteries choke as Gulf shipping descends into chaosShipping lines divert vessels, insurance premiums surge, and new surcharges emerge as tensions in West Asia disrupt key trade route through...
Container shipping rates snap weeks of gains as restock rally fades, snarls easeThe Drewry World Container Index composite of eight major trade lanes dropped 2.2% to $5,806 for a 40-foot unit, snapping a 12-week-long ad...
Changes via circulars qualify as 'change of law' eligible for relief: SC"All such additional charges which are payable on account of orders, directions, notifications, regulations, etc., issued by the instrument...
Port congestion surcharge withdrawn by RailwaysThe decision is in line with Suresh Prabhu's promise to make rail a competitive mode of transport in comparison to roads.
Railways withdraws port congestion surcharge"In order to attract imported freight traffic, including containers, coal, iron ore, the railways has decided to withdraw the levy of Port ...
Congestion fee to make imported coal costlierPower companies will be forced to pay more for imported coal as Indian Railways has decided to levy congestion charge of 10% on base freigh...
- MRAI seeks Govt support to import radiation detection equipment
Metal Recycling Association of India (MRAI) has requested the government to reduce and/or abolish import duty levied on radiation detection...
- No congestion at port, says JNPT
The Jawaharlal Nehru Port Trust authorities have said that there is no congestion at the port (JN Port).
- More carriers to levy congestion charge at JNPT
Three more ocean carriers have joined the bandwagon of liners that have announced imposing emergency congestion surcharge on all import con...
- Moving iron ore by rail cheaper
The Railways has decided to give a 25% discount on domestic iron ore freight booked to ports in a bid to help steel companies hit hard by r...
- Railways cut port levy on iron ore for local use
Freight rate for iron ore is set to come down further with the Railways deciding to remove the 30% port congestion surcharge levied on the ...
- Help us to contain inflation: Miners to Railways
Criticising the Railways of hiking freight by almost 300 per cent in the last three years, the mining industry demanded a long term freight...
- Iron ore rail freight set to increase 5%
Freight cost for iron ore is set to increase following the reclassification of products by the Railways. The move would increase the transp...
- New customs classifications from New Year
THE CUSTOMS is introducing a revised classification system — HS (harmonised system) 2002 of the World Customs Organisation (WCO) — will com...