Search Result for : Air Cargo

The Dollar Business Bureau The National Civil Aviation Policy, 2016 has envisaged growth of cargo volumes to 10 million tonnes by 2027. As per data maintained by the Airports Authority of India (AAI), air freight handled at Indian airports grew by more than 20 times from 0.08 million metric tonnes in 1972-73 to 2.5 million metric tonnes in 2014-15, and its compound annual growth rate (CAGR) was 8.8% during 2013-14 to 2016-17. Measured in million tonne-kilometers, the data maintained by the World Bank also shows that air freight transported by India went up from 96.3 million tonne-kilometers in 1970 to 1,833.8 million tonne-kilometers in 2015. As per data maintained by the Airports Authority of India (AAI), air freight handled at Indian airports ...

The Dollar Business Bureau Imposing Goods and Services Tax (GST) on international freight is going to make India’s air cargo services "non-competitive", said industry body PHD Chamber of Commerce and Industry (PHDCCI) on Wednesday. Earlier, under service tax regime, freighters were exempted to pay any tax, whereas now they have been levied with 18% GST. “Putting 18% GST on international freight is totally unfair as this will impact the air cargo growth, said PHDCCI in a statement issued after an Air Cargo Summit, which is organised by the industry body on Wednesday in New Delhi. “Why would the Government of India want Indian exporters to pay extra 18% GST on freight and make our goods non-competitive in international market,” the statement said. Vipin Vohra, Co-Chairman, ...

Sneha Gilada The Trichy International Airport now has a new import cargo processing unit, spread over 150 square metres, catering to three different operations of storage, examination and delivery.  The new establishment meant to deal exclusively with imported cargo dispatched in foreign aircraft, is in close proximity to the export freight terminal, with a ramp connecting the two.  This development also brings to light the disparity between the amount of import and export cargo handled by the airport. Reportedly, throughout FY2016-17, only 50 tonnes of imports were handled at this airport while the amount of export cargo went beyond 6,900 tonnes, bringing the total annual cargo to 6965 tonnes. The monthly averages also confirm the story, as imports round up to about 4 tonnes while exports clock over 500 tonnes every month.  According to an official at the cargo complex, ...

Attention is invited to the implementation of module for transshipment of Cargo from Air Cargo location to ICDs/other Air Cargo Customs Stations which has been made available in Indian Customs EDI System (ICES) 1.5. 2. Representations have been received in the Board regarding problems faced in the debit and recredit of bond value for transshipped Cargo. 3 It has been brought to the notice that while moving bonded truck from one Air cargo complex to another air cargo complex, the bond value of the cargo is debited from the online running bond. However, upon completion of transshipment, there is delay in re-crediting the amount at the destination air cargo complex. 4. All Chief Commissioners may ensure that the re-crediting of bond is done without any delay at destination Air Cargo ...

Himanshu Vatsa | The Dollar Business The Uttar Pradesh government is likely to bring a new policy to encourage small entrepreneurs and promote exports, Bhagwat Saran Gangwar, Minister of State for Micro Small and Medium Enterprises (MSME) in the state government, said on Tuesday. “We had a consultation with export associations and industrialists and discussed various issues. Based on information provided by them, Uttar Pradesh government has incorporated all the relevant subjects in a new policy to benefit exporters. The government is soon to bring a separate export policy to provide all kinds of support to exporters in the state,” Gangwar said at a seminar on ‘Energising Entrepreneurs for International Trade’ held in Noida, UP. The minister said that his government ...

Dated 31st December, 2014 | Circular no. 19/ 2014-Customs | Attention is invited to Board Circular No.22/2012-Customs, dated 07.08.2012 and subsequent Instruction No.3, dated 31.05.2013 on the subject of 24x7 Customs clearance facility at specified sea ports and air cargo complexes for identified categories of import and export goods. 2. Finance Minister has in the Budget Speech for 2014-15 announced that the 24x7 Customs clearance facility would be deepened and extended. Thus, the existing 24x7 Customs clearance facility would be made available to 13 more airports in respect of all export goods and to 14 more sea ports in respect of specified import and export goods. 3. Board has undertaken detailed inter-ministerial consultations to ensure stakeholder participation in making ...