Operating under Section 65 of Customs Act, 1962 has no effect on AEO status
Covid-induced lockdowns in advanced nations hit exports, trade deficit at nine-month high
Exports fell for their 22nd straight month, marking the longest run of declines since a 23-month run through to July 1987
The upward revision in prices is part of the annual exercise undertaken to adjust inflation, fluctuation in currency and fuel price, among others
It also said the extension in carrying time is expected to facilitate more time for exporters who can move the trailers in advance to avoid the peak hours rush
Country may see current account surplus for the second quarter in a row in Q1 of FY21
The highest sailing cancellation since the Covid-19 outbreak was in February, registering a spike of 105 cancellations across Trans-Pacific, Asia-Europe, and the Mediterranean trades.
Except for foodgrain, flour and pulses, transport of all other commodities showed negative growth
Owing to pressure on profitability and the need for better and wider network, the port logistics industry has seen consolidation trends in the last one year