Container Train Operators welcome clarity on ‘composite services’ rates for Containers

Manjula

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NEW DELHI: The GST Council announcement regarding Multi-Modal Transportation is expected to clear doubts over interpretation of tax by authorities, although it may not lower the logistics costs, point out industry experts. Container movement handled by train operators, for instance, was not interpreted by some officials as part of “composite services” due to lack of
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NEW DELHI: Basmati Rice exporters have sought the intervention of the Centre to take steps to resume export to Saudi Arabia. Saudi Arabia, the second largest importer of basmati halted Rice imports from India since June for non-compliance with its new stringent maximum level of pesticide residues in food items. Indian authorities are set to
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HAMBURG: The container shipping companies are faced with the perfect storm with the ever tighter environmental regulations coming into force and oil prices jumping, exerting further pressure on liners to squeeze out profit from the buoyant demand. Asset quality, size and diversification will determine the success of shipping companies in the next 18 months, German
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SEOUL: The newly launched Korea Ocean Business Corporation announced support for 10 small to medium shipping lines to help revive the Nation’s maritime sector. Local news report states that the state-run corporation will provide sale and lease back assistance for 10 vessels, a move designed to give the companies fresh funds without business disruption. The
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NEW DELHI/WASHINGTON: As part of its focus on Indo-Pacific region, the US Department of Commerce has announced to hold one of its flagship events in India next year. “Trade Winds: India – will take place in New Delhi in the spring of 2019,” the Department of Commerce announced, the day the Trump Administration unleashed a
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NEW DELHI: The Government is taking legislative as well as administrative measures for an integrated strategy to reduce logistics related hurdles for boosting domestic and global trade, Commerce Minister Suresh Prabhu said recently. High cost of logistics impacts competitiveness and movement of goods, he said. The Indian logistics industry is estimated at around USD 215
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The government continuously reviews National Highway projects, with the officials of the Ministry of Road Transport and Highways, National Highways Authority of India and NHIDCL taking review meetings at every level in various parts of the country, the Minister of State for Road Transport, Shipping and Chemicals and Fertilisers, Mr Mansukh L. Mandaviya, told Parliament
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Container Corporation of India (CONCOR) has reported strong YoY increase in volume in ex-im at 794,402 TEUs (+11.4 per cent YoY) and similar growth in domestic at 142,559 TEUs (+9.7 per cent YoY) in the first quarter of 2018-19. Key highlights * As per an analysis by Kotak Securities, CONCOR’s Q1FY19 result highlights include 1)
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The Sultanate of Oman is on the southern coast of the Arabian Peninsula and in a strategically important position at the mouth of the Arabian Gulf. The Sultanate has launched a new world class port, Port of Duqm, and a massive Special Economic Zone Authority in Duqm (SEZAD) in a strategically located region, Duqm. The
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The Ministry of Shipping has undertaken a diverse set of initiatives as part of its drive to boost profitability across Major Indian Ports. One key initiative is to improve the returns earned on treasury investments by the ports for pension, provident and surplus funds. Across all Major Ports, these funds add up to around Rs
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