APM Terminals launches integrated cold chain facility in South India
The Dollar Business Bureau International container terminal operating company, APM Terminals launches South India’s first cold storage facility integrated with a container freight station, for reliable transport of temperature controlled cargo such food products and medicines. “APM Terminals inaugurated its first state-of-the-art cold storage warehouse in India, which will ensure reliable and stable transport of cargo, including goods such as fish, fruits, medicines, and specialty chemicals, which require strict temperature control throughout the supply chain,” the company said in a statement. Located in Ponneri city, near Chennai, the facilities were inaugurated by M Ajit Kumar, Chief Commissioner of Customs, Chennai Zone, in the presence of Dries van Dongen, Global Head - Inland Services, APM Terminals. Commenting on the development, Dongen said, “We are committed to ...
No Customs or Excise Duty on Raw Material used in ship manufacturing: Govt
The Dollar Business Bureau The requirement of manufacturing of ships in a custom bounded warehouse under the provisions of Section 65 of the Customs Act, 1962 The government has decided to do away with imposing customs and excise duties on raw material and parts used in the manufacturing of ships including export container vessels and pusher crafts. As per the central government’s notification issued on Tuesday, the shipbuilding industry will be exempted from paying customs and central excise duties on all raw material and parts for use in the manufacture of ships/vessels/tugs and pusher crafts etc. At present, certain ships are exempted from basic customs duty and central excise duty. However, many ships manufactured in export oriented units (EOUs) ...
