Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
Popular Search: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARD :: list of goods taxed at 4% :: form 3cd :: ACCOUNTING STANDARDS :: empanelment :: due date for vat payment :: VAT Audit :: articles on VAT and GST in India :: cpt :: TDS :: Central Excise rule to resale the machines to a new company :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT RATES
Customs and Excise »
  Rate of exchange of conversion of the foreign currency with effect from 21st October, 2016
 Rate of exchange of conversion of the foreign currency with effect from 21st October, 2016
 Seeks to amend Notification No. 27/2014-Central Excise
 Government doubles limit of excise duty evasion for arrest and prosecution
 Excise duty evasion limit to warrant arrest revised to Rs 2 crore
 Guidelines for launching of prosecution in relation to offences punishable under the Customs Act, 1962
 GST notification triggers uncertainty over excise duty
 Preparing for GST: govt looking at restructuring excise/customs cadre
 Refund of Terminal Excise Duty (TED) under Deemed Exports where Duty has been paid from CENVAT Credit and ab-initio waiver is not available.
 CBEC directs customs officials for random search of vessels
 Rate of exchange of conversion of the foreign currency with effect from 7th July, 2016

Customs delays at Vallarpadam may drop anchor on Kochi-EU shipping service
November, 22nd 2011

The shipping line, which launched its weekly service recently from Vallarpadam terminal linking Kochi to various European destinations, has threatened to suspended the service if the procedural delays by Customs at the terminal continues.

The shipping line is learnt to have told the Kochi port authorities that they may not be able to continue the service if issues related to the Customs procedures are not resolved.

According to reports, the second ship from the new liner service which called at Vallarpadam last week, could load only 250 out of the 350 containers as Customs insisted verification of the containers which came from Tuticorin. These containers were already customs-cleared at Tuticorin.

The Customs officials at Kochi were understood to have demanded verification of customs seal on the containers. They have offloaded 20 containers from the ship.

This delayed the ships schedule and it departed only with 250 containers.

Since Vallarpadam terminal is in special economic zone and it is also a transhipment terminal, the port authorities think there is no need for verification of transhipment containers by Customs at Kochi.

As per According to the transhipment procedure set out by the SEZ Development Commissioner, all transhipment containers arriving at ICTT are manifested by the SEZ officers in the terminal in a document and given to Customs.

The problem is that the Customs officials are insisting checking seals of all the transshipment containers that arrive at the terminal. This is taking time.

The trade fears that the process is impractical, unnecessary and will only delay the containers at ICTT making the whole objective of transshipping these containers through Kochi futile.

Shipping lines point out they have no benefit in calling at Kochi compared to Colombo port where they have better logistics support and faster transshipment procedures.

They say in Colombo where the same containers that have arrived from Tuticorin are not to subject to any Customs verification.

The new service from Vallarpadam was launched by CMA-CGM Hapag-Lloyd group.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - We Bring IT. Offshore software outsourcing company. We use Global Delivery Model (GDM) and believe in Follow The Sun principle

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions