Shipping Congestion Mounts as Strait of Hormuz Remains Closed
Singapore, March 26 – Merchant vessels, including oil tankers, are queuing up at ports across Asia as the ongoing conflict in the Gulf region continues to disrupt shipping lanes. A media report on Thursday highlighted increasing...
New Delhi, March 23 The government on Monday restored full benefits under the RoDTEP scheme to exporters until March 31 amidst the ongoing West Asia crisis disrupting global trade.Last month, the government halved the rate of duty benefits under the Remission of Duties and Taxes on Exported...
duty refund
export
export finance
export support schemes
freight rates
geopolitical situation
government policy
gulf region
india
logistics
maritimetrade
merchandise exports
remission of duties and taxes on exported products (rodtep)
tradetrade deficit
west asia crisis
New Delhi, March 23: In light of the evolving geopolitical situation due to the Iran war and its implications for maritime trade, the Centre has decided to restore the rates and value caps under the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme for all eligible export...
chemicals sector
export competitiveness
export policy
export promotion
freight costs
geopolitical situation
government support
india
iran war
logistics
manufacturing sector
maritimetrade
ministry of commerce and industry
relief initiative
remission of duties and taxes on exported products (rodtep)
trade risks