Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
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) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: articles on VAT and GST in India :: form 3cd :: ACCOUNTING STANDARDS :: VAT RATES :: cpt :: TDS :: TAX RATES - GOODS TAXABLE @ 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARD :: due date for vat payment :: list of goods taxed at 4% :: empanelment :: Central Excise rule to resale the machines to a new company :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT Audit
 
 
« Indirect Tax »
 What is a belated income tax return and what are its consequences
 Why rejig of financial year could upset your tax planning
 The threat of harsh penalty should not impede tax compliance
 What are the tax exemption limits for allowances, reimbursements paid to employees? Find out
 High-income taxpayers to get priority treatment and extra facilities
 GST input tax credit rules: How taxpayers will benefit from ITC
 More complications in filing income tax returns
 Guidelines for selection of cases for scrutiny during the financial-year 2017-2018
 CBDT asks Income Tax officials to pull their socks up as revenue collection not satisfactory
 Nearly 15 pct growth in direct tax collections for fiscal 2017-18
 Transformation of indirect taxation landscape

Ennore port to raise Rs 1000 cr through tax-free bonds
February, 29th 2012

Ennore Port Ltd, countrys first corporate port, is planning to raise around Rs 1,000 crore through tax-free bonds to support its expansion and infrastructure development.

S Velumani, chairman and managing director, Ennore Port, said, we had approached the shipping ministry to raise the money through tax-free bonds and it, in turn, had asked the finance ministrys nod and the Central Board of Direct Taxes.

On the initial public offering plan, he said, for now we will stick to tax-free bonds. IPO will be considered after the mega container terminal goes on stream, which will give better valuation for the port. Thus, it would looking at going public by 2014.
The port had earlier planned to dilute 10 per cent to raise Rs 400-500 crore, but this was delayed citing poor market condition. The proposed fund would support various infrastructure projects to the tune of Rs 1,500 crore, said Velumani. Earlier the shipping ministry officials said this in turn would bring in Rs 6,500 crore. The port has lined up 14 projects worth Rs 6,466 crore. These include three dredging projects, seven terminals and four connectivity rail and road projects.

He said though major portion of the investment would come from private players, it had to invest in creating infrastructure like dredging and connectivity. The port in its master plan in 2008 had proposed marine liquid terminal I, coal terminal for non-TNEB coal, iron ore terminal, container terminal-Phase-1, LNG terminal, car export terminal, deepening the port to handle cape size vessels (150,000 DWT).

Again in 2010, it was decided to have additional coal berths, second and third container terminals, and a second marine liquid terminal. With this, it is envisaged that the port will be able to handle an annual traffic of 126 million tonnes and 200,000 cars.

Located 30 km from Chennai port, it was set up under the Companies Act keeping it outside the scope of the Tariff Authority for Major Ports, the tariff regulator for 11 of the 12 ports owned by the government. It was set up primarily to handle cargo such as iron ore and coal, when it started operations nine years ago.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Content Management System development CMS development Content Management Solutions CMS Solutions Content Management Services CMS Services CMS Software

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