‘CIX’ Service East Bound
‘CIX’ 2 Service
‘CIX’ 3 Service
‘PMX’ Service
‘AGI’ Service
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MUMBAI : (022)22661756, 22691406/07/4491
Vol. XXVI No. 93 WEDNESDAY 2nd SEPTEMBER 2020
GUJARAT + NORTH INDIA
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MSC enhances Indian Subcontinent & U.S. East Coast connections with two services GENEVA: The following announcement supersedes MSC announcement of 15 August about the Indus Express. MSC has revised the rotation of the Indus Express service and is launching a new Indusa service, starting on 1 September 2020. The Indus Express service will focus on North West India, Pakistan, the Middle East and U.S. East Coast markets. The new Indusa service will connect Southeast India, Sri Lanka, and Bangladesh to U.S. East coast, with a call at Colombo in Sri Lanka to reinforce our offering for cargo shippers in the Indian subcontinent. Both services will operate as standalone MSC services offering competitive transit times from the Middle East and
Indian Subcontinent region to the U.S. East Coast. The U.S. customers benefit from the possibility to import cargo from anywhere in India boosting predictability for effective supply chain planning. Cont’d. Pg. 5
Export scheme may continue until December, but with more check and balances NEW DELHI: In a bid to provide relief to lakhs of exporters, the Piyush Goyal-led Commerce Ministry has suggested fresh steps to hand out export incentives under the Merchandise Exports from India Scheme (MEIS), while seeking to limit the outgo and check possible frauds. The Rs 5,000-crore plan will see benefits under MEIS capped at Rs 2 crore per exporter on exports made between September and December. There will be no change in the coverage of MEIS and the applicable rates,
a source familiar with the proposal shared with the revenue department told. To prevent misuse of the scheme by fly-by-night operators, who make claims based on the new importer-export code (IEC), the commerce department has proposed that all such identification numbers obtained on or after a specified date will be ineligible to submit claim for exports made from September 1. From January, a new export incentive scheme Cont’d. Pg. 15 kicks in.