With no resolution in sight on the extra charges being collected by Adani Hazira Port from CFS operators on lines nominated containers, the stalemate continues. MUMBAI: Adani Hazira Port Pvt Ltd (HPPL), a unit of Adani Ports and Special Economic Zone Ltd (APSEZ), is said to have stopped delivering import containers nominated by the shipping lines […]

A sensitisation on the incomparable role of the Customs Broker is needed within the department. By Mr. Samir J Shah, Partner, JBS Group of Companies Section 146 of the Customs Act 1962 reads as “License for Customs Brokers”. Till 2013 the term Custom House Agent was used and the section was “Custom House Agents to be […]

Adani Hazira Port Pvt Ltd (HPPL), a unit of Adani Ports and Special Economic Zone Ltd (APSEZ), has justified its move to levy extra charges from container freight station (CFS) operators at the port located in Gujarat from Friday, saying it was aimed at recovering the rising costs associated with multiple shifting of containers triggered […]

The proposed charges is an attempt to fleece the trade for unjust gains and is ill conceived, devoid of any logic, and would increase the cost to the trade by a whopping 50-55 percent, which is completely contrary to the Government of India’s initiatives and stated stand on ease of doing business and to reduce […]

Adani Hazira Port Pvt Ltd (HPPL), a unit of Adani Ports and Special Economic Zone Ltd (APSEZ), which runs the port at Hazira in Gujarat, said it will collect extra charges of Rs. 2,500 for a 20 ft container and Rs. 4000 for 40 and 45ft boxes from container freight station (CFS) operators when import loaded containers […]

NEW DELHI: The government is initiating fresh measures to ensure that rice prices remain under control and overall inflation comes down. On Friday, the Centre imposed 20% export duty on parboiled rice (rice partially boiled with husk), barely a week after imposing 40% on exports of onion. Besides, it is expected to notify a minimum export […]

Hapag-Lloyd has seen its profits fall and a massive decline in its liquidity, but the carrier has been named as one of the possible bidders for the South Korean carrier HMM. Media reports in South Korea reported that the German line requested an Information Memorandum from Samsung Securities, which is handling the sale of HMM […]

As India seeks to become a $5 trillion economy, it will need state-of-the-art, future-proof infrastructure that can support this growth ambition. In a country as large and diverse as India, executing the massive pipeline of infrastructure project is no mean feat. What this will need is an out-of-the-box innovating thinking and a new approach to […]

Hindalco Industries Ltd and Texmaco Rail & Engineering Ltd have entered into a strategic agreement to develop and manufacture world class aluminium rail wagons and coaches with an aim to help Indian Railways meet their emission goals. The partnership aims to build a world class manufacturing facility in India. As per the agreement, the Aditya […]

Allcargo Logistics’ group is planning over ₹1,000 crore of investments by its recently demerged subsidiaries Allcargo Terminals and TransIndia Real Estate, both of which will also be listed on the bourses. The listing of the two entities is expected in a month, pending approval from the stock exchanges and SEBI. The $2.5-billion group recently concluded […]