Indian-controlled vessels to pay just 1-time processing fee
BY PTI24 May 2016 10:47 PM GMT
PTI24 May 2016 10:47 PM GMT
To promote ease of doing business in the maritime sector, Indian-controlled vessels will now be required to pay just one-time processing fee of Rs 20,000 for the issuance of licence, the government said on Monday.Â
"Vessels of Indian Controlled Tonnage, will now be required to pay only one-time processing fee of Rs 20,000 towards issue of licence," the Ministry of Shipping said in a statement. Till now they were being charged Rs 20,000 on a monthly basis by the Directorate General of Shipping as processing fee for issue of licence under section 406 of Merchant Shipping Act, 1958 .Â
"This initiative will boost the Indian Controlled Tonnage Scheme and be a step towards promoting 'Ease of doing Business' in the maritime sector," the statement said. It added that to bring in transparency in ocean-freight charged by different service providers, Container Shipping Line Association (India), an association of foreign container shipping lines operating in India, have informed that all their 31 member-lines have implemented e-Payment mode by way of RTGS/NEFT for collection of all type of ocean freight charges. The Indian-controlled tonnage scheme frees local fleet owners from having to mandatorily register their ships in India required by the Merchant Shipping Act of 1958. As a result, ship owners can register their ships either in India or abroad. Ships registered overseas also come under the category of Indian-controlled tonnage.Â
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