NEW CUSTOM EXCHANGE RATES W.E.F. 17-07-2020 ..See Pg. 13
MUMBAI : (022)22661756, 22691406/07/4491
Inland waterways cost-effective multi-modal initiative to connect India and Bangladesh ..See Pg. 17 Export, imports fall for 4th month in June, but trade turns surplus after 18 years ..See Pg. 19
Vol. XXVI No. 73 th FRIDAY 17 JULY 2020
GUJARAT + NORTH INDIA
AHMEDABAD : (079)26405551/52, E-Mail:ahmedabad@dstnews.net
Will Container Shipping reliability ..See Pg. 18 come back?
www.dst.news
KANDLA : (02836)222665/225790, E-Mail:kandla@dstnews.net
Maersk launches Jade Express Service connecting Far East Asia, Indian Subcontinent & Pakistan The rotation will be: Colombo - Mundra - Port Qasim - Mundra. New Service will commence from September 3rd, 2020. COPENHAGEN/MUMBAI: In order to make the supply chain more efficient both in terms of cost and time, day-in and day-out, Maersk has introduced the Jade Express service. The Jade Express commencing September 3rd, 2020 out of Colombo will connect the Far East Asia, Indian Subcontinent and Pakistan. The rotation will be: Colombo - Mundra - Port Qasim Mundra. The ports in Far East Asia will be covered by our own network as pre-carriage connecting to the Jade Express service in Colombo.
With the introduction of these, existing Pakistan Express and Pakistan Express 2 services will be terminated. The last westbound sailing of Pakistan Express will be XIN HONG KONG (voyage 041W), estimated to depart from Qingdao August 4th while the last eastbound sailing will be XIN HONG KONG (voyage 041E), estimated to depart from Karachi, August 28th. The last westbound sailing of Pakistan Express 2 will be COSCO KAOHSIUNG (voyage 076W), estimated to depart from Shanghai August 6th while the last eastbound sailing will be COSCO KAOHSIUNG (voyage 077E), estimated to depart from Karachi, August 29th, said a Maersk statement.
Exporters facing GST refund issues DP World & Virgin Hyperloop brings as invoice matching made Hyperloop systems closer to reality compulsory for input tax credit MUMBAI: Many exporters are facing a working capital crunch as they have run into refund problems after a recent Government Circular said Exporters would not be eligible for input tax credit refunds in cases where they are unable to match invoices from the vendors. This situation is a result of the government waiving off late fees for companies and suppliers to upload certain forms under the goods and service tax, tax experts said. Con’t.d Pg. 17
DUBAI: DP World has lauded a decision by the US House of Representatives to pass legislation requesting a regulatory framework for the safe deployment of hyperloop systems. The Non-Traditional and Emerging Transportation Technology (NETT) Council in the US is expected to issue guidance within the next six months to help set out a clear regulatory framework for the industry. The Dubai- based provider of worldwide smart end-to-end supply chain logistics launched the ‘DP World Cargospeed’ Con’t.d Back Pg. international brand in 2018.