Far from removing a so-called cabotage rule to permit foreign flag ships to carry all types of cargo on local routes to boost coastal shipping as proposed earlier, foreign shipping companies will find it extremely tough to run India-centric cargo business under Prime Minister Narendra Modi’s Maritime Amrit Kaal Vision 2047. The Vision document calls […]
Steps such as curbs on inbound shipments of certain goods, production linked incentive scheme and mandatory quality norms are helping the country reduce imports of non-essential products such as TV, tyres, wallpaper and AC gas compressors. These steps, among others like imposing antidumping and countervailing duties, have been taken to analyse and control non-essential imports […]
The government is weighing an innovative plan to promote coastal shipping by introducing integrated public-private-partnership (PPP) port projects at major ports by clubbing vessel acquisition with viability gap funding (VGF) support. VGF is a one-time grant given by the Central government for supporting public-private-partnership (PPP) projects in infrastructure that are economically justified but fall short […]
The port and dock workers numbering around 20,000 and over one lakh pensioners of major ports will observe a one-day token strike on October 26 in all the major ports in the country, demanding immediate revision of wage structure, pensionary benefits and other service conditions. T Narendra Rao, deputy general convenor of the National Coordination […]
The government has exempted payments made for goods imported through ocean freight from 5 per cent integrated GST with effect from October 1. The Finance Ministry has notified changes to the IGST Act with regard to payment of integrated GST on ‘ocean freight’ on imported goods with effect from October 1. Currently, importers are required […]
Amid reports of government’s plans to abolish “çabotage law” in shipping in India, Indian National Shipowners’ Association (INSA) has clarified that there is “no” cabotage law in existence in sea transportation in India. Recent media reports stated that the Prime Minister Narendra Modi led government is likely to remove the cabotage rule for ships carrying […]
BLR Logistics, India’s leading integrated 3PL logistics services provider is delighted to announce its recent acquisition of Standard Multimodal Logistics. With this strategic move BLR intends to optimize its routes and expand its trailer fleet at various ports while deploying its recently purchased inventory of 40’HC containers across multiple cabotage trade routes, starting with Mundra […]
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 […]