Sea Freight Rates are Down 15%; Container Availability Is Better The availability of containers has improved, and sea freight rates have fallen by up to 15%. Still, the volume growth in exports in the ongoing fiscal year (1st Jan to 31st Dec) may not be significant as the global inventory is high and key rates … Read more
What are the shipping Agents’ services? According to this paragraph, you can understand what are the shipping agents’ services. Shipping agents provide various shipping-related services, such as packing and shipping products, tracking numbers, and handling returns. Indeed, services include package tracking, preparing and filing customs documents, and shipping supplies. Moreover, shipping agents are essential for … Read more
What About Freight Forwarders? According to this paragraph, you will learn what freight forwarders are. Freight forwarding is a business that helps businesses and individuals transport goods. Infect, It’s a huge industry, with billions of dollars moving around yearly. Basically, what does that mean for the freight forwarder? This article will explore freight forwarding and … Read more
Largest Sea Ports For Shipping in India India is a vast country with a long coastline. As a result, many major sea ports for shipping in India handle a large trade volume each year. India’s three largest and busiest seaports are the Port of Mumbai, Chennai, and the Port of Kolkata. The Port of Mumbai … Read more
Major Shipping Sea Ports in China List If you’re looking for major shipping sea ports in China listed to India, you’ll need to know which ports are located. Here’s a list of the major seaports in China: – Firstly,?Shanghai: This port is located on the east coast of China and is the busiest container port … Read more
What Big Changes in Custom Duty in Budget 2022? In the last month, the Finance Minister has introduced changes in custom duty in budget 2022 on items of daily use items. These include umbrellas, headphones, earphones, loudspeakers, smart meters, and imitation jewelry. Who does the duty change benefit and what does it mean? With a … Read more
Import Customs Duty in India Customs Duty is a tax on goods when they cross international borders. In India, import customs duty helps protect the economy, jobs, environment, and residents. It controls the movement of goods, especially those that are restricted or banned. Generally, all goods have a set duty rate. This rate depends on … Read more
Special Economic Zone (SEZ) What is Special Economic Zone (SEZ) in India? We discuss all Special Economic Zone (SEZ) in India. India is the first country in Asia to recognize that the Export Processing Zone (EPZ) model could promote exports. They set up the first EPD in 1965 in Kandla. The aim is to overcome … Read more
Affect of GST on Export of Goods Currently, the government is trying to increase the quantity and quality of exports from India. As seen in its “Make in India” policy and the tax benefits it provides exporters. The GST commenced on July 1 and it is still vague about the impact of this new regime … Read more
Gujarat’s Mundra Port & Special Economic Zone This blog discusses all detailed information on Gujarat’s Mundra port & Special Economic Zone. On the north shores of the Gulf of Kutch near Mundra, the Mundra port serves as both a private and a container port. Therefore, it handled 144.4 million tons (MT) of cargo in FY … Read more
