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Coronavirus: Exporters seek duty reduction, logistics support from Centre

Meanwhile, Irdai was asked to review existing insurance products to ensure risk cover against loss because of abnormal delay in delivery of shipments

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Sources said that for auto parts, ships were taking too long and this was affecting the production cycle, and the industry would have to spend more on air freight.

Dilasha Seth New Delhi
Industry and exporters bodies on Thursday sought logistics support and duty reduction from the government to withstand the onslaught of the coronavirus outbreak (COVID-19).
 
At a meeting called by the commerce department, they said products that rely on imports have been affected by the outbreak.
 
Meanwhile, the Department of Financial Services (DFS) has asked the Insurance Regulatory and Development Authority of India (Irdai) to review existing insurance products to ensure risk cover against loss because of abnormal delay in delivery of shipments. Irdai has also been asked to modify the terms and conditions of such policies, if necessary. 

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