TMI BlogSeveral important steps have been taken to Increase Tonnage Capacity of Shipping Industry: Shri Mansukh MandaviyaX X X X Extracts X X X X X X X X Extracts X X X X ..... Several important steps have been taken to Increase Tonnage Capacity of Shipping Industry: Shri Mansukh Mandaviya - News and Press Release Dated:- 2-12-2019 - News - In a reply to a question in Rajya Sabha today the Minister of State for Shipping (I/C) and Chemicals Fertilizers, Shri Mansukh Mandaviya informed that the tonnage capacity in the country is as per details given below: (I ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n million tonnes) Period Number of vessels GT DWT As on 31.03.2017 1316 11,562 17,278 As on 31.03.2018 1,384 12,582 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 19,082 As on 31.03.2019 1,407 12,789 19,387 The minister informed that in order to increase tonnage capacity of Indian shipping industry, Government has taken a number of steps. These include:- i. Providing Indian shipping industry ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cargo support through Right of First Refusal ii. Reducing GST from 18% to 5% on bunker fuel used in Indian flag vessels iii. Allowing carriage of coastal cargo from one Indian port to another Indian port via foreign ports in Sri Lanka and Bangladesh iv. Removing licensing requirement for chartering of foreign registered ships by citizens of India, companie ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s incorporated in India and Registered Societies to encourage coastal movement of agriculture and other commodities, fertilizer, EXIM Transshipment Containers and Empty containers v. Bringing parity in the tax regime of Indian seafarers employed on Indian flag ships vis- -vis those on foreign flag ships vi. Allowing shipping enterprises based in India to acquire ships abr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... oad and flag them in the country of their convenience vii. Allowing use of imported Containers for carrying of domestic cargo and allowing use of locally manufactured or domesticated containers conforming to the specifications from the International Organization (ISO), for transportation of EXIM cargo: *** NB/MS - News - Press rele ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ase - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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