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NVOCC is a common logistics carrier company that deals with ocean freight. These carriers have partnerships with large ocean freight forwarders and function as an intermediary between businesses and freight forwarders. They are experts at international trade policies and shipping documentation process, and assist companies with their international shipping needs.

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Faced with a surge of steel imports, particularly from China, India is set to impose a 15% safeguard duty to protect its domestic steel industry. This move aims to counter price undercutting, safeguard jobs, and ensure market stability. The duty, recommended by the DGTR, will apply to select steel products and is seen as a crucial step in maintaining India's strategic industrial capabilities amidst evolving global trade dynamics.

Last updated on: Apr 24, 2025

Direct Reduced Iron (DRI), also known as sponge iron, is a key raw material used in modern steelmaking, especially in Electric Arc Furnaces and Induction Furnaces. As the world’s largest producer of sponge iron, India plays a major role in the global DRI supply chain and the growth of the secondary steel sector. Read on to understand the DRI full form, its production process, types, advantages, and its role in India’s steel industry.

Last updated on: Mar 6, 2026

The new rule for GST registration in 2026 introduces biometric authentication, Aadhaar verification, revised timelines, and AI-assisted risk-based fraud detection. These changes aim to streamline the GST process and prevent fraud while ensuring faster verification for businesses. Learn how to comply with the latest GST registration updates.

Last updated on: May 13, 2026
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