Wait...
Search Global Export Import Trade Data
Recent Searches: No Recent Searches

Government Exempts Customs, Excise Duty on Use of Bunker Fuel.


Date: 08-10-2015
Subject: Government Exempts Customs, Excise Duty on Use of Bunker Fuel
New Delhi: In order to promote movement of cargo through coastal waters, the government on Wednesday said it has exempted customs and excise duty on the use of bunker fuels by Indian ships.

One of the issues hindering coastal shipping growth has been the levy of customs and central excise duty on bunker fuels which raises cost of transportation, said an official statement.

"This issue was resolved by...exempting Customs and Excise duty leviable on bunker fuels, namely IFO 180 CST and IFO 380 CST used in Indian flag vessels for transportation of EXIM and empty containers between two ports in India," it said.

The exemption has further been extended by Department of Revenue in a notification on September 17 to Indian flagships carrying a mix of EXIM, empty and domestic containers, the Shipping Ministry said.

"This tax incentive for transportation along the coast will go a long way in enhancing Indian tonnage as well as in promoting development of transportation hubs in India," it said.

The Ministry of Shipping is actively considering various measures to promote modal shift of cargo from roads to coastal waters not only to decongest roads but more importantly to harness the higher fuel efficiency of coastal movements vis-a-vis roads, as well as to reduce carbon footprint, it added.

Transport of cargo through waterways has been the top agenda for the ministry in view of the mode being eco-friendly and cost effective, Road Transport, Highways and Shipping Minister Nitin Gadkari had said earlier.

"Unfortunately, this mode of transport is yet to be tapped in the country whereas this mode accounts for 47 per cent of China's transportation and 40 per cent of Europe's transport."

"The total transportation cost through waterways comes to barely 30 paise/km in comparison to Re 1/km through railways and Rs 1.5/km through road. Unfortunately, this mode of transport is yet to be tapped in our country," Mr Gadkari has maintained.

Source : profit.ndtv.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 31-07-2025
Notification No. 49/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils,Brass Scrap, Areca Nut, Gold and Silver

Date: 19-07-2025
Notification No. 34/2025-Customs
Seeks to amend notification No. 146/94-Customs, dated the 13th July, 1994 to omit serial number 10A.

Date: 18-07-2025
Notification No. 33/2025-Customs
Seeks to amend notification No. 146/94-Customs, dated the 13th July, 1994 to provide exemption on import of Horses for Polo (HS 0101 29 10) under specified condition.

Date: 16-07-2025
Notification No. 47/2025-Customs (N.T.)
Appointment of Common Adjudicating Authority for the purpose of finalization of Provisional Assessment in SVB case w.r.t. M/s. Ammega Belting India Pvt. Ltd. -reg

Date: 15-07-2025
Notification No. 46/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver

Date: 30-06-2025
Notification No. 44/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver

Date: 30-06-2025
Notification No. 32/2025-Customs
Seeks to amend Notification No.130/2010- Customs dated 23.12.2010 to extend the exemption benefits to Air Canada.

Date: 13-06-2025
Notification No. 43/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver

Date: 11-06-2025
Notification No. 42/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver

Date: 06-06-2025
Notification No. 13/2025-Customs (ADD)
Seeks to impose Anti Dumping Duty on imports of ‘Insoluble Sulphur’ originating in or exported from China PR and Japan.



Exim Guru Copyright © 1999-2025 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001