Civil Aviation Policy envisages growth of cargo volumes to 10 mn tonnes by 2027
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 ...
CBEC to give swift clearance for bulk cargo export
The Dollar Business Bureau In yet another attempt to remove export bottlenecks and ease outbound shipping procedures, the government has decided to exempt bulk cargo from sealing in packages or containers, thus reducing delays in export consignments. The decision was taken after traders’ bodies expressed concern about their problems in sealing of bulk cargo for export, especially for goods such as coal, iron-ore, alumina concentrate and heavy machinery. They sought for a simple procedure for exports of such articles. “The matter has been examined. Notification has been amended, thereby exempting bulk cargo from sealing in packages or container. The Central Excise has been empowered to grant exemption from self-sealing of bulk cargo for export on case to case ...
