Exporters

Importer-exporter code not updated after 2005 to be deactivated from October 6

Outlook September 26, 2021 10:44 IST Importer-exporter code not updated after 2005 to be deactivated from October 6 perspectivesinde.com 1970-01-01T05: 30: 00 + 0530 New Delhi, Sept. 26 (PTI) The Ministry of Commerce has decided to deactivate all Importer-Exporter (IEC) codes that have not been updated after January 2005 with effect from October 6 of this year, a measure that ...

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District level exporters’ agreement held in Margao

Panaji: In an effort to promote Goa’s products and services and to publicize government support to exporters for international trade, a district-level exporters conclave was held in Ravindra Bhavan Margao on Saturday. The conclave focused on female entrepreneurship was inaugurated by the Director of Industries, Commerce and Commerce, Swetika Sachan, IAS. The program was organized by the Directorate of Industries, ...

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FinMin notifies the procedure for granting rights credit for goods exported under RoDTEP

The Ministry of Finance has notified the procedure for granting duty credit for exported goods under the tax refund scheme on remission of duties and taxes on exported products (RoDTEP). Tariffs for 8,555 products, including marine, agriculture, leather, gemstones and jewelry, were announced as part of the export promotion program in August this year. The value of the goods for ...

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AP Chambers deplores the shortage of containers for exports

Vijayawada: The Federation of PA Chamber of Commerce and Industry (PA Chambers) during a representation to Union Minister of Trade and Industry Piyush Goyal briefed him that a sufficient number of containers were not available at major ports, causing problems for the country’s exporters. Speaker of Chambers Pydah Krishna Prasad and Secretary General B Rajasekhar stressed in the memorandum that ...

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What’s on the horizon for UK meat exports to the EU?

Despite home to the lion’s share of red meat and dairy exports, shipments to the EU have steadily declined over the past 18 months – factors such as Brexit, COVID-19 and the subsequent closure of the restoration having a major impact. However, according to AHDB’s latest Horizon report, “Exploring the EU: Understanding Consumers’ Needs”, opportunities still exist to increase business ...

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Gold exporters want government to cut new taxes

By MARTIN LUTHER OKETCH The government is still engaging stakeholders, including gold exporters, who have called for the current commodity tax regime to be revised downward. Under the Mining (Amendment) Bill 2021, the government imposed a tax of $ 200 on every kilogram of gold exported. However, the levy has been revised to 5 percent for each kilogram of precious ...

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CM opens Vanijya Utsav – Exporter Conclave: Sep 22, 21 ~ E-Pao! Securities

Source: The Sangai Express / DIPR Imphal, September 21, 2021:A Vanijya Utsav – Exporters Conclave for the Promotion of Export Oriented Businesses in Manipur was opened today by Chief Minister N Biren Singh at the Classic Grande Hotel, Chingmeirong. The opening ceremony was organized by the Department of Textiles, Trade and Industry in association with the General Directorate of Foreign ...

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Government to launch 24-hour hotline for exporters: Piyush Goyal

Government to launch 24-hour hotline for exporters: Piyush Goyal New Delhi, September 21 (KNN) The government will institutionalize a 24-hour “hotline” for assistance to exporters and problem solving, Trade and Industry Minister Piyush Goyal said on Monday at the launch of the week’s national celebrations. emblematic of Amrit Mahotsav for the Ministry of Trade and Industry. The Union Minister said ...

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Government celebrates commercial success of UK creative industries with new export aid announcements

The creative industries will benefit from government support through a new package of measures announced at an event organized by the Department of International Trade (DIT) yesterday (Monday, September 20). The event brought together business leaders from the UK’s creative industries – television and film, music, publishing, fashion, games, advertising and immersive technology – to celebrate their export success and ...

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Why the crisis for exporters could prove to be a boon for the shipping industry

In August, a group of exporters announced that they would approach India’s Competition Commission to investigate possible cartelization by shipping companies. The basis of its complaints are skyrocketing freight rates – up to three to four times in the past year – and a 15 percent drop in container availability. But shipping companies say this sharp increase in logistics costs ...

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Tanzania plans to become the leading exporter of palm oil

Palm oil Tanzanian Prime Minister Kassim Majaliwa said on Saturday that plans were underway to make the country one of the major palm oil exporters in the East African region. Majaliwa made the remarks when he inspected a 500-hectare farm for the production of palm oil plants in the western region of the East African nation of Kigoma, on the ...

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Coffee exporters worried about rising freight rates

Bangalore (Karnataka) [India], September 19 (ANI): During an interactive session between Union Trade and Industry Minister Piyush Goyal and coffee producers, roasters and exporters on Saturday, several coffee exporters expressed their concerns about increasing international freight rates. According to exporters, Indian agricultural exports to several destinations have become less competitive. “If the government does not provide agricultural exporters with increased ...

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Costa Rica is the main exporter of palm oil in 2020

QCOSTARICA – In 2020, Costa Rica was the region’s largest palm oil exporter, selling US $ 148.4 million, followed by Panama with US $ 28.7 million, followed by Nicaragua with 2.2 million US dollars, followed by El Salvador with 400,000 US $. Oil palm tree. From Quepolandia.com During the year, Panama, Costa Rica and Nicaragua increased their year-over-year sales by ...

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It’s time to formalize exporting SMEs, according to EDB chief

By Charumini de Silva Export Development Board (EDB) Chairman Suresh de Mel recently said the current unprecedented period is an opportunity to formalize small and medium-sized enterprises (SMEs), noting that half or more are engaged in the sector. informal. “SMEs play a major role in most economies, especially in developing countries like ours. However, the tricky part in our country ...

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Faroe Islands salmon exporter joins chorus in condemning dolphin hunting

One of the Faroe Islands ‘largest exporters of farmed salmon condemns large capture of white-sided dolphins in the North Atlantic archipelago as part of islanders’ traditional slaughter of marine mammals for meat and their fat ThroughThe Associated Press September 17, 2021, 08:10 • 2 minutes to read Share on FacebookShare on twitterEmail this article COPENHAGEN, Denmark – One of the ...

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Australia’s allies take advantage of Chinese trade bans

“The good news is that in most cases Australian exporters have been able to find alternative markets for products that they are no longer able to sell to China,” said the director of Corinna Economic Advisory. For example, Australian barley imports fell from around $ 264 million ($ 361 million) in the first half of 2020 to zero during the ...

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American dairy associations call for additional action from the White House on the ports crisis

New American dairy associations call for additional action from the White House on the ports crisis September 16, 2021 The National Milk Producers Federation (NMPF) and the US Dairy Export Council (USDEC) have joined several other organizations urging the Biden administration to take further action to alleviate the current port crisis in a letter sent to the House today. Blanche ...

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Ludhiana: Discussion on “The future of exports to Punjab”

The Union Bank of India, in association with the CII and the Federation of Indian Export Organizations, organized a session on exporting for the Punjab industry The Union Bank of India, in association with the Confederation of Indian Industry (CII) and the Federation of Indian Export Organizations (FIEO), held an export session for the Punjab industry on Saturday evening. The ...

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Sri Lankan rupee revaluation to 203 dries up dollar flows, exporters prepare for new checks

ECONOMYNEXT – Foreign currency inflows into Sri Lankan banks dried up after the rupee was administratively revalued to 203 from around 238 to the US dollar and exporters braced for more checks, stakeholders said. Marlet. Conversions by exporters dried up after authorities wrote to banks asking for the rate to be revalued to 203, despite the note-issuing bank producing reserve ...

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The cap rate on exporters’ dollar deposit rates is a “good move”: local banks

By Yakuta Dawood Recently, the Central Bank of Sri Lanka (CBSL) imposed a maximum interest rate of 5% for foreign currency deposits from Authorized Commercial Banks (LCB) and National Savings Bank (NSB). This topic is important because this CBSL measure will now eliminate the interest rate anomaly that prevailed in the domestic market between the interest rates offered by banks ...

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Focus on feed grains: the surge in exports stimulates northern wheat

This barley crop in Muckadilla, in the district of Maranoa, Queensland, is expected to be harvested this month. Photo: Michael Vaughan, ADM Focus on feed grains: the surge in exports stimulates northern wheat A late-season run on export build-up has pushed northern wheat values ​​up to $ 15 a tonne over the past week, and barley has also firmed as ...

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CIFT Helps Fish Export Units Modernize Their Testing Laboratories | Rajkot News

Rajkot: Gujarat’s small fish exporting units are finally seeing a silver lining in the dark times that engulfed the industry after China took an unfavorable stance by refusing to take Indian fish. Hope now shines on the besieged state fishing industry which exported around 5,000 crore rupees per year in the pre-Covid era, after the Central Institute of Fisheries Technology ...

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The government is committed to encouraging manufacturers and exporters of fertilizers: Siskin

Federal Minister of Finance and Revenue Shaukat Tarin on Wednesday reaffirmed the government’s commitment to encourage and incentivize fertilizer manufacturers as well as exporters to respond effectively to domestic demand. ISLAMABAD, (UrduPoint / Pakistan Point News – Aug 25, 2021): Federal Minister of Finance and Revenue Shaukat Tarin on Wednesday reaffirmed the government’s commitment to encourage and urge fertilizer manufacturers ...

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PayPal India benefits from edtech boom

PayPal India’s total transaction value jumped 40% from a year earlier in the June quarter as small businesses sold goods and services to overseas consumers amid the second wave of covid , said a senior executive. Services exports were the main driver of volume growth, particularly supported by large electronics technology companies and online tutors, tech freelancers, small software as ...

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Exporters seek more US lines despite delays

Amid shipping delays that raised serious concerns, export industry stakeholders urged shipping companies to open more routes to the United States as most of the cargo on hold heads west. This will alleviate concerns about the movement of goods to one of the country’s main export markets, said the Philippine Exporters Confederation Inc. (Philexport) and the Supply Chain Management Association ...

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Three things Teji Mandi investors should know on August 18, 2021

Sigh of relief for the HDFC bank HDFC Bank has received mega relief with the RBI lifting its ban on purchasing new credit cards and launching digital services. The HDFC bank was facing repeated incidents of outages on its online platforms. Following this, the RBI ordered the bank to fix its problems and restricted its digital activities until further notice. ...

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Guatemalan exporters forecast 13% sales growth in 2021

Guatemala City, Aug 11 (EFE) .- Guatemalan exports will increase 13% in 2021 from the previous year, doubling the initial outlook, according to a report released on Wednesday by the Exporters Union. In a virtual press conference, the Association of Guatemalan Exporters (Agexport) said growth prospects for this year are 13%, more than double the estimate from three months ago, ...

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Trade with Afghanistan in limbo as exporters seek alternative markets

TEHRAN – Following the recent turmoil in Afghanistan, Iranian exports to the country have declined significantly and Iranian exporters are expected to seek alternative markets to replace the neighboring country, the chairman of the Iran-Afghanistan Joint Chamber of Commerce said on Sunday. According to Hossein Salimi, the country which was the top export destination for Iranian non-oil commodities has recently ...

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Exporter demand metrics to resolve logistics issues

Textile and clothing exporters have called on the Union government to take action to address the problem of the container shortage. In a recent interaction with the Prime Minister, the chairmen of the export promotion councils highlighted the challenges they face on the logistics front. According to Manoj Kumar Patodia, chairman of the Cotton Textiles Export Promotion Council, the acute ...

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Michigan biodiesel exporter sentenced to prison for tax evasion | Takeover bid

A Bloomfield, Michigan businessman who operated a biodiesel fuel business was sentenced today to 30 months in prison for filing a false tax return. Chandra Yarlagadda owned and operated Alpha Bioenergy LLC, formerly known as Naturol Bioenergy LLC, which bought and sold biodiesel. Under the Clean Air Act and related federal regulations, companies such as Alpha that exported biodiesel were ...

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Exports of technical and engineering services reach $ 500 million in one year

TEHRAN – The value of Iranian exports of technical and engineering services in the previous Iranian calendar year (ended March 20) was only $ 500 million despite the great capacities in this area, chief of the Association of Iranian Exporters of Technical and Engineering Services Bahman Salehi told IRNA. Iraq, Afghanistan, Turkmenistan, Armenia, Azerbaijan, Kazakhstan, as well as developing African ...

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Where have all the sea containers gone?

The shipping container that has been the cornerstone of global trade growth is emerging as the latest source of frustration for importers and exporters facing global supply chain disruptions. Steel crates are harder than ever to find as growing demand for inventory replenishment and a series of shipping disruptions have left several thousand containers stranded at sea on ships anchored ...

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GFE – Impexperts, plans to establish a safe trading zone in Dubai for Indian exporters

Markets and consumers demand higher levels of quality in all areas, including transport and goods. Transporting goods is a difficult task, especially when it comes to sensitive things like perishable goods. To meet these e-commerce needs, Global Federation Entrepreneurs has set up a special office to facilitate exporting to help all stakeholders deliver their products overseas. Due to environmental circumstances, ...

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Maize exporters to Thailand face new rules

The Agriculture Branch has called on red corn exporters and importers to comply with Thailand’s new requirements for cross-border business activities. The management cited letter AC: 0914/1629 dated April 20, issued by the Thai Ministry of Agriculture and Department of Agriculture of Cooperatives, which it said describes the new conditions for the export of red corn kernels from Cambodia to ...

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Understanding OpenTelemetry Part 2: Main Components of OpenTelemetry

The OpenTelemetry project consists of application programming interfaces (APIs), software development kits (SDKs), tools, specifications of a data model for telemetry data (metrics, logs and traces) and semantic conventions for data. It also defines a centralized collector and exporters to send telemetry data to various major platforms, so you can gain visibility into the performance of whatever observability platform you ...

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Calling All Exporters – Awards for Honoring Business Excellence

First VIC Applications are now open for the 2021 Governor of Victoria Export Awards, which recognize and honor the state’s most innovative exporters. The prestigious awards, now in their 42nd year, cover 13 categories, including Victorian Exporter of the Year and the Victorian Women in International Business Award. The Governor of Victoria, the Honorable Linda Dessau AC, has been the ...

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Bangladesh’s agricultural export earnings reach $ 1 billion

The country’s income from agricultural products has increased eightfold in 12 years Bangladesh’s export earnings from its agricultural products hit the $ 1 billion mark for the first time in 2020-21, registering an increase of nearly 20% from the previous year’s figure in the middle of a prolonged Covid-19 pandemic. Exports of agricultural products have grown tremendously over the past ...

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Export centers face labor shortage, as migrants stay away

By Nayan Dave & Banikinkar Pattanayak Companies in Tirupur, India’s largest garment hub, only operate with around 60% of their usual workforce. In Surat, home to some 6,000 diamond-cutting units, around 4,000,000 migrant workers and artisans, or 40% of the industry’s workforce, have not yet returned to work since Holi. Fabric production in Surat, also a textile hub, has collapsed ...

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High shipping costs weigh on the economy

It cost John Logue about $ 6,600 to ship a container of hazardous chemicals from Shanghai to Chicago. Now the CEO of the Royale Group is paying up to $ 29,000 – and that’s if he’s lucky enough to find space on one of the most sought-after freighters plying the Pacific trade routes. Logue’s headaches at sea are mirrored on ...

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The government implements its economic stability program: Dawood

SIALKOT, July 17 (APP): The Prime Minister’s Trade and Investment Advisor Abdul Razak Dawood said the government was carrying out its economic stability program. He was addressing a meeting of exporters at the Sialkot Chamber of Commerce and Industry (SCCI) on Saturday. SCCI President Qaisar Iqbal Baryar, Senior Vice President (SVP) Khurram Aslam Butt, Vice President (VP) Ansar Puri, Chairman ...

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Along with the PLI program, the government should focus more on FTAs, the successful implementation of MITRA: director of CRISIL

Textiles are important to India’s $ 313 billion merchandise exports. The sector is also an important generator of jobs. Although India faces fierce competition from Vietnam and Bangladesh, which do better than us in cotton yarn and ready-to-wear garments (RMG), our country is in a favorable position with China. facing a global political backlash. However, capitalizing on this opportunity would ...

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Business groups: Repeal of 12% VAT on local purchases by exporters

MANILA, Philippines – Business groups want the Bureau of Internal Revenue (BIR) to repeal the imposition of 12% value added tax (VAT) on local purchases by exporters and indirect exports, claiming its implementation implementation could lead to job losses and discourage investment in the country. In an online press conference, the business groups, consisting of the Information Technology and Business ...

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Help from the diaspora

JAMAICA has been exporting labor since the construction of the Panama Canal in the early 1900s. Since then, through immigration, we have provided a steady flow of labor to UK, USA and Canada. The United Nations lists 1,400,000 people born in Jamaica as living abroad. Then there is, of course, the second generation which has another million, so we’re down ...

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FBR unveils 2021 Export Facilitation Program

ISLAMABAD: The Federal Board of Revenue (FBR) on Friday released the 2021 Export Facilitation Program for all categories of exporters, including manufacturer-exporters and commercial exporters, merging all programs into one unified procedure. The FBR issued SRO 902 (I) / 2021, here Friday, to publish a draft of some other amendments to the 2001 customs rules. The user of the Export ...

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“Create a favorable environment to encourage export, forex”

Former Director General of Lagos Chamber of Commerce and Industry (LCCI) Dr Muda Yusuf called on Nigerian authorities to create an enabling environment that will encourage exports and attract foreign exchange (forex). According to him, the Nigerian economy has the capacity to attract a lot of foreign exchange due to its size, with potentials and opportunities still hidden. Speaking at ...

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