1. D e m a n d s t i m u l u s e n h a n c e s consumption.
2. Capex and quality investment to make India self reliant.
3. Fiscal discipline opens credit growth.
4. Make for world by India.
5. Preparing India to become export surplus.
Key Highlights -
1] Govt has remained committed to EoDB and lower rationalising tax to enhance efficiency and sustainability which will help India in the global investment.
…Mari me Development Fund of Rs 25,000 Crore Proposed
NEW DELHI : For long-term financing for the maritime industry, the Union F i n a n c e M i n i s t e r S m t . N i r m a l a Sitharaman has proposed to set up a Maritime Development Fund with a corpus of Rs 25,000 crore. Announcing this in her budget speech in the Parliament today, the Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman said that this corpus will be for distributed support and promoting competition in the maritime industry.
Mr. Rajesh Mehta
Maersk to launch its new ocean network
the phase-in of the new network.
COPENHAGEN : On February 1, Maersk A/S (Maersk), an entity under A.P. Moller – Maersk, and Hapag-Lloyd AG (Hapag-Lloyd)
l a u n c h e d t h e i r o p e r a t i o n a l collaboration Gemini Cooperation The ambition is to deliver a flexible and interconnected ocean network with industry-leading schedule reliability above 90 percent once fully phased in.
Around 340 vessels will be phased in and be a part of Maersk and Hapag-Lloyd’s shared ocean network with the first sailings taking place on February 1, and more vessels will gradually sail on the new schedules.
“We are now ready to commence
Providing PM
Gati
Over the last year, we have carefully planned this to e n s u r e t h a t a l l o u r customers experience a smooth transition into the new network With its innovative design, we believe our customers will benefit from increased reliability, flexibility and more competitive products,” said, Johan Sigsgaard, Chief Product Ofcer of Ocean at Maersk.
full month in which the network is fully phased in with all vessels sailing on Gemini schedules.
The transition period is expected to last until late May, with vessels phasing into the new network, and out of the expiring agreements that Maersk and Hapag-Lloyd have with other carriers. June will be the first
Shakti
data
to
Maersk and Hapag-Lloyd’s shared network covers East/West trades and will consist of 29 efficient ocean mainliner services supported by an extensive network of 28 agile, intraregional shuttle services.
private players a welcome
step
: Ketan Kulkarni - Managing Director - Gati Express and Supply Chain Limited
MUMBAI : "We welcome the Government's announcement of providing PM Gati Shakti data accessible to the private players, thus o p e n i n g d o o r s f o r i m p r o v e d collaboration and efficiency in infrastructure projects. This is poised to accelerate infrastructure growth across the country, streamlining the m o v e m e n t o f g o o d s a n d strengthening logistics efficiency Besides this, the Government’s
decision to establish an Export Promotion Mission for facilitating easier access to export credits, providing cross-border factoring support, and assisting MSMEs in overcoming non-tariff barriers is a highly commendable step, as it will empower MSMEs to expand their international footprint. Additionally, the budgetary announcement of providing easy-term loans of up to ₹20 crore is going to provide a significant financial boost to MSMEs, enabling them to scale o p e r a t i o n s & e n h a n c e competitiveness.
Furthermo re, we are also thrilled by the announcements a i m e d a t fostering rural p r o s p e r i t y, e n h a n c i n g resilience, and alleviating the tax burden on t h e m i d d l e class. These measures will not only stimulate consumption but also serve as key drivers of long-term economic growth".
A well designed and planned budget 2025-26 :
Cont’d from Pg.3
2] Shipbuilding is given good push since in t h e j o u r n e y t o become 10 trn economic, self reliance on maritime capacity and capabilities was a miss out. It is good to see Govt’s acknowledgement to this sector
3] A thoughtful, though considered political as perspective, is about Bihar, which I feel is a caged tiger.
4] It can grow like UP who is now aspiring State to achieve USD 3 trn GDP .
5] With even 5 States growing, we are near to become USD 47 trn by 2047.
Union Budget 2025-26: Boost To Shipping Sector
…Mari me Development Fund of Rs 25,000 Crore Proposed
Cont’d from Pg.3
The fund will have up to 49 per cent contribution by the Government, and the balance will be mobilized from ports and private sector.
The Finance Minister stated that t h e S h i p b u i l d i n g F i n a n c i a l Assistance Policy will be revamped to address cost disadvantages, which will also include Credit Notes for shipbreaking in Indian yards to
promote the circular economy Further, the large ships above a specified size are also proposed to be included in the infrastructure harmonized master list (HML).
The Union Budget also proposes to facilitate ‘Shipbuilding Clusters’ in o r d e r t o i n c r e a s e t h e r a n g e , categories and capacity of ships. This will include additional infrastructure facilities, skilling and technology to
develop the entire ecosystem Acknowledging that the shipbuilding has a long gestation period, the Finance Minister proposed to continue the exemption of Basic Customs Duty on raw materials, components, consumables or parts for the manufacture of ships for another ten years. She further proposed the same dispensation for ship breaking to make it more competitive.
Mr. Ketan Kulkarni
ETAETD VESSELS Voy V.I.A
DATE TIME NAME No.No. No.&Dt.
FOR
08/0209/02
POINT
NORTH CONT., SCANDINAVIAN, RED SEA & MED. PORTS from NSFT
TBATBA W. Kithira 505W Q2643 1119701-20/01 Maersk Line Maersk India Algeciras (MECL) Maersk CFS 15/0216/02
TBATBA Maersk Detroit 506W Q2663 1119918-21/01 12/0212/02
TBATBA Wadi Duka 2506W Q2725 1120903-28/01 Folk Maritime Seastar Global Jeddah (IRSS) 21/0222/02
TBATBA Folk Jeddah 2507W
Asyad Line Seabridge TO
LOAD FOR U.K., NORTH CONT., SCANDINAVIAN, RED SEA & MED. PORTS
06/0207/02 TBA 1000 MSC Barcelona IU505A Q2711 1120721-27/01 MSC MSC Agency Haifa. (INDUS) Hind Terminal 06/0207/02 05/02 1000 MSC Regulus IS504A Q2630 1119666-20/01 MSC MSC Agency UK, North Cont., Scandinavian, Red Sea & Med Ports. Hind Terminals 14/0215/02 13/02 1000 MSC Luciana IS505A SCI CMT Barcelona, Felixstowe, Hamburg, Rotterdam, Gioia Tauro, 20/0221/02 19/02 1000 MSC Laurence IS506A UK, North Continent & Other Mediterranean Ports. HimalayaExpress NBCL Axis Shpg. Felixstowe, Rotterdam, Hamburg, Antwerp & All Inland Desti. Dronagiri-1 Service Allcargo Allcargo Log. UK, North Cont., Scandinavian & Med. Ports. Dron.2&Mul. ICC Line Neptune Felixstowe, Hamburg,Rotterdam & other Inland Dest. GDL-3 & Dron-3 GLS Global Log. UK, North Continent & Scandinavian Ports. JWR Team Leader Team Leader Felixstowe, Rotterdam, Antwerp, Hamburg, Barcelona, JWR CFS Le Havre, Istanbul, Genoa.
Team Global Team Global Log. UK, North Continent & Scandinavian Ports. Pun.Conware 07/0208/02 06/02 1500 MSC Joanna IP506A Q2740 1121072-29/01 MSC
MSC Agency Antwerp, Le Havre, Rotterdam, Dunkirk, Felixstowe, Southampton, Hind Terminals 14/0215/02 14/02 0900 MSC Pamela IP507A Helsingborg, Gothenburg & Red Sea, Med, Gioia Tauro (D). 21/0222/02 21/02 0900 MSC Nairobi X IP508A
LOAD FOR U.K., NORTH CONT.,
SCI CMT Southampton, Rotterdam, Antwerp, Dunkirk, Felixstowe, Le Havre
COSCO COSCO Shpg. UK, North Cont, Scandinavian, Red Sea & Med. Ports. Indial Indial Shpg. UK, North Cont, Scandinavian, Red Sea & Med. Ports. Seahorse Ship UK, North Continent, Scandinavian Ports & Riga, Klaipede, Tallim, St.Petersburg, Genoa, Valencia, Fos. Globelink Globelink WW UK, North Continent, Scandinavian Ports & Ashdod, Piraeus, Thessaloniki, Athens.
TSS L'Global Ag. UK, North Continent & Scandinavian Ports. Dronagiri-2 AMI Intl. AMI Global UK, North Cont., Scandinavian, Red Sea & Med. Ports. Dronagiri-3 Kalko Faredeal UK, North Continent & Scandinavian Ports. Dronagiri-3 Team Leader Team Leader Felixstowe, Rotterdam, Antwerp, Hamburg, Barcelona, JWR CFS Le Havre, Istanbul, Genova.
Safewater Safewater Lines UK, North Continent, Red Sea & Med. Ports. Team Global Team Global Log. UK, North Continent & Scandinavian Ports. Pun.Conware
SCANDINAVIAN, RED SEA & MED. PORTS
Valencia, Barcelona, Seabird CFS 15/0216/02
Q2685 1120539-25/01 COSCO COSCO (I) Le Havre, Jeddah, Tangier, Algeciras.(EPIC) 05/0206/02 TBATBA C Star Voyager 002WN Q2610 1119210-16/01 CU Lines Seahorse Shpg. Djibouti, Jeddah, Aden. 07/0208/02 TBATBA KR Tasman 2506W Q2710 1120697-27/01 C Star Diamond Maritime (IMR1) UGL Seatrade Shipping UnifeederUnifeeder
06/0207/02 06/02 0900 NZ Ningbo 36INDSTP Q2633 1119668-20/01 MDL Line Hub & Links Alexandira & St. Petersburg 06/0207/02 TBATBA Kota Naga 2250W Q2687 1120553-25/01 PIL PIL India Djibouti, Berbeira (RGS) 06/0207/02
07/0208/02 TBA 1000 MSC Bremen IV506A Q2750 1121266-30/01 (INDUSA) 08/0209/02 TBATBA W. Kithira 505W Q2643 1119701-20/01 Maersk Line Maersk India Charleston, Norfolk, New York (Direct) Maersk CFS 15/0216/02 TBATBA Maersk Detroit 506W Q2663 1119918-21/01 Safmarine Maersk India Charleston, Norfolk, New York, Savannah & Other Maersk CFS 22/0223/02 TBATBA Maersk Karachi 507W US East Coast Ports.Middle East Container Lines(MECL)
USA, CANADA, ATLANTIC, PACIFIC, SOUTH AMERICAN & WEST INDIES PORTS
In Port 03/02 Tolten 5105 Q2608 1119188-16/01 Hapag ISS Shpg. New York, Norfolk, Charleston, Savannah ULA CFS 09/0210/02 TBATBA Nagoya Express 5106 Q2698 1120545-25/01 (TPI/INDAMEX) 06/0207/02 TBA 1000 MSC Barcelona IU505A Q2711 1120721-27/01 MSC MSC Agency New York, Charleston, Huston, Freeport. Hind Terminals 13/0214/02 TBA 1000 Karlskrona IU506A Q2735 1121010-28/01 Kotak Global Kotak Global US East, West & Gulf Coast (INDUS) 21/0222/02 TBA 1000 Conti Courage IU505A
06/0207/02 05/02 1000 MSC Regulus IS504A Q2630 1119666-20/01 MSC MSC Agency Baltimore,Boston,Philadelphia,Miami,Arica,Buenaventura, HindTerminals 14/0215/02 13/02 1000 MSC Luciana IS505A Callao, La Guaira, Paita, Puerto Cabello, Puerto Angamos, Iquique, 20/0221/02 19/02 1000 MSC Laurence IS506A Valparaiso,Cartagena,Coronel,San Antonio,Santiago De Cuba,Mariel (Himalaya Express) Globelink Globelink WW USA, East & West Coast.
OOCL OOCL(I) Other US East Coast Ports. Dronagiri-2
ONE Line ONE (India) India America Express (INDAMEX)
COSCO COSCO Shpg.
Indial Indial Shpg. US East Coast & South America
ICC Line Neptune New York,Norfolk,Charleston,Miami,Baltimore,Houston & Other Ports. GDL/Dron.-3 Team Lines Team Global Log. Norfolk, Charleston. ConexTerminal
Pegasus Maritime Noble Shipping US East Coast & West Coast Dronagiri-1 Kotak Global Kotak Global US East, West & Gulf Coast
TO LOAD FOR USA, CANADA, ATLANTIC, PACIFIC, SOUTH AMERICAN & WEST INDIES PORTS
from GTI
In Port 04/02 Xin Da Yang Zhou 098E Q2548 1118350-10/01
OOCL OOCL(I) USA East Coast & Other Inland Destinations. GDL 13/0215/02
TBATBA OOCL Hamburg 155E Q2653 RCL RCL Ag USA East Coast & Other Inland Destinations. 25/0226/02 TBATBA OOCL Luxembourg 115E
COSCO COSCO Shpg. US West Coast. (CIX-3)
Yang Ming Yang Ming(I) US West Coast. China India Express III - (CIX-3) Contl.War.Corpn.
ICC Line Neptune US East, West Coast, Canada, South & Central American Ports. GDL-3 & Dron-3 04/0205/02 04/02 1400 MOL Presence 0020E Q2576 1118908-15/01 ONE Line ONE (India) USA, East & West Coast, USA,South & Central America
08/0209/02 TBATBA Dimitris Y 0251E Q2689 1120562-25/01 & Caribbean Ports, Canada. 15/0217/02 TBATBA Cap Andreas 0018E Globelink Globelink WW USA, Canada, Atlantic & Pacific, South American & 16/0217/02 TBATBA X-Press Anglesey 2001E West Indies Ports. (TIP Service) 09/0210/02 TBATBA One Reassurance 245E Q2699 1120546-25/01 ONE Line ONE (India) New York,
TO LOAD FOR USA, CANADA, ATLANTIC, PACIFIC, SOUTH AMERICAN & WEST INDIES
TBATBA CMA CGM Manaus 0QC31W1 Q2738 1121044-29/01 CMA CGM CMA CGM Ag. Jebel Ali. (BIGEX 2) TO LOAD FOR
WEST ASIA GULF PORTS From NSICT
03/0204/02 03/02 0600 Oceana 933W Q2463 1117300-03/01 ONE Line ONE (India) Jebel Ali. 21/0222/02 TBATBA Celsius Edinburgh 005W UnifeederUnifeeder Jebel Ali. (MJI/ESX) Dronagiri 23/0224/02
TBATBA Bright Fuji 005W OOCL OOCL (I) Jebel Ali.
04/0205/02 04/02 1200 Nadia 20 Q2674 1120106-22/01 Lubeck Giga Shipping Bandar Abbas 05/0206/02 05/02 1700 Shamim 1343W Q2706 1120674-27/01 HDASCO Armita India Bandar Abbas, Chabahar. (IIX) 05/0206/02
TBATBA Inter Sydney 0172 Q2649 1119926-21/01 Interworld Efficient Marine Bandar Abbas, Chabahar (BMM) Alligator Shpg. Aiyer Shpg. Bandar Abbas, Chabahar.
05/0206/02 TBATBA Garsmere Maersk 506W Q2639 1119684-20/01 Maersk Line Maersk India Jebel Ali, Salallah (Blue Nile)
12/0213/02 TBATBA Maersk Boston 507W Q2660 1119916-21/01
06/0207/02 TBATBA X-Press Altair 25002W Q2672 1120093-22/01 X-Press Feeders Sea Consortium Jebel Ali 10/0211/02 TBATBA SSL Brahmaputra 923W Q2635 1119685-20/01 Wan Hai Wan Hai Lines (I) (RGI / IM1) 25/0226/02
TBATBA SSL Godavari 039W UnifeederUnifeeder 04/0305/03 TBATBA Wan Hai 501 254W Emirates Emirates Shpg.
08/0209/02
09/0210/02
TBATBA W. Kithira 505W Q2643 1119701-20/01 Maersk Line Maersk India Salallah. (MECL)
TBATBA Maersk Cape Town 507S Q2642 1119704-20/01 Maersk Line Maersk India Port Qasim, Salallah. (MWE SERVICE)
TBATBA Zhong Gu Shen Yang 0PU45S1 RCL/CUL Line RCL/Seahorse 20/0221/02
TBATBA Zhong Gu Fu Zhou 0PU49S1 KMTC KMTC (India) (VGX West Bound) Dronagiri-3 27/0228/02
TBATBA Zhong Gu Kun Ming 0PU4DS1
TO LOAD FOR WEST ASIA GULF PORTS From NSIGT
TO LOAD FOR WEST ASIA GULF PORTS From GTI
Zhong Gu Nan Ning25002E UnifeederUnifeeder Basra. (ASX) QNL/Milaha Poseidon Shpg. Jebel Ali, Bandar Abbas. Speedy CFS Alligator Shpg. Aiyer Shpg. Jebel Ali. Cordelia Cordelia Cont. West Asia Gulf Ports. Bay Line Freight Conn. Port Sudan & Al Sokhna CWC,GDL&DR
TS Lines TS Lines (I) P.Kelang,Singapore,Tanjung Pelepas,Xiangang,Qingdao,Laem Chabang. Dronagiri-2 (CISC Service) HMM HMM Shpg. P.Kelang(S),Singapore, Xiangang,Qingdao,Kaohsiung. Seabird CFS Samudera Samudera Shpg. P.Kelang,Singapore,Tanjung Pelepas,Xiangang,Qingdao,Laem Chabang Dronagiri CU Lines Seahorse Ship Port Kelang, Singapore, Haiphong, Qingdao, Shanghai, Ningbo. BSS Bhavani Shpg. P Kelang, Singapore, Jakarta, Yangoon, Surabaya, Belawan, Ashte CFS 04/0205/02 03/02 0900 MSC Natasha XIII FD451E Q2734 1120996-28/01 MSC MSC Agency Dalian, Shanghai, Ningbo, Yantian. (DRAGON EB) Hind Terminals 07/0208/02 TBATBA Sol Prime 5501E Q2675 1120111-22/01 BLPL Transworld GLS Far East Ports. 11/0212/02 TBATBA GFS Giselle 2502E Q2483 1117654-06/01 Global Feeder Sima Marine Port Kelang, Shekou, Shanghai, Ningbo Dronagiri 15/0216/02 TBATBA Grace Bridge 2501E Heung A Line Sinokor India (CSC/SIS2) Sinokor Sinokor India Seabird CFS TS Lines TS Lines (I) Cordelia Cordelia Cont. Port Kelang, Far East & China Ports Blue Water Poseidon Shpg. Shanghai, Ningbo, Qingdao. Speedy CFS
VESSELS DUE AT
ETAETD VESSELS Voy V.I.A ROT. LINE
LOAD FOR FAR EAST, CHINA & JAPAN PORTS from GTI
In Port 03/02
Wan Hai 505 E181 Q2607 1119242-17/01
Wan Hai Wan Hai Lines Port Kelang, Singapore, Kaohsiung, Hongkong, Dronagiri-1 04/0205/02 05/02 0400 Wan Hai 507 E229 Q2682 1120312-24/01 Evergreen Evergreen Shpg. Shekou. Balmer Law. CFS Dron. 11/0212/02
TBATBA Wan Hai 511 E097 Q2709 1120696-27/01 Hapag/RCL ISS Shpg./RCL Ag. (CIX) ULA-CFS/ 18/0219/02
TBATBA Seaspan Brisbane 006E
TS Lines TS Lines (I) South East Asia, Far East, China. Dronagiri-2 In Port 04/02 Xin Da Yang Zhou 098E Q2548 1118350-10/01
OOCL/RCL OOCL(I)/RCL Ag Port Kelang, Singapore, Hong Kong, Shanghai, GDL/Dron-1 13/0215/02
TBATBA OOCL Hamburg 155E Q2653
APL CMA CGM Ag. Ningbo. Dron.-3&Mul. 25/0226/02
TBATBA OOCL Luxembourg 115E
COSCO COSCO Shpg. Port Kelang, Singapore, Hong Kong, Shanghai, Ningbo. (CIX-3) Gold Star Star Ship Singapore, Hong Kong, Shanghai.
ANL CMA CGM Ag. Port Kelang, Singapore
Dron.-3&Mul. TS Lines TS Lines (I) South East Asia, Far East, China. Dronagiri-2
03/0204/02 03/02 1500 Wan Hai 513 E098 Q2612 1119296-17/01 Wan Hai Wan Hai Lines Penang, Port Kelang, Hongkong, Qingdao, Shanghai, Dron-1 & Mul CFS 07/0208/02 06/02 2359 Aka Bhum E026 Q2647 1119844-21/01
14/0215/02
TBATBA Wan Hai 515 E097 Q2772
COSCO COSCO Shpg. Ningbo, Shekou.
InterasiaInterasia (CI2) 21/0222/02
TBATBA Wan Hai 502 E131
HMM HMM Shpg. Port Kelang, Singapore, Hongkong, Kwangyang, Pusan, Shanghai, Ningbo Seabird CFS 04/0205/02 03/02 1900 GSL Nicoletta(BMCT) 506E Q2636 1119688-06/01 Maersk Line Maersk India Port Kelang, Tanjung Pelepas, Singapore, Hongkong, Maersk CFS 10/0211/02 TBATBA X-Press Odyssey 507E Q2727 1120931-28/01 X-Press Feeders Sea Consortium Kwangyang, Pusan, Hakata, Shanghai. (NWX/FI-3) 18/0219/02
TBATBA X-Press Carina 508E Sinokor/Heung A Sinokor India Port Kelang, Singapore, Qingdao, Xingang, Pusan Seabird CFS 04/0205/02 04/02 1400 MOL Presence 0020E Q2576 1118908-15/01 ONE Line ONE (India) Port Kelang, Singapore, Laem Chabang, 08/0209/02
TBATBA Dimitris Y 0251E Q2689 1120562-25/01 X-Press Feeders Sea Consortium Port Kelang, Singapore, Laem Chabang. 15/0217/02
TBATBA Cap Andreas 0018E Samudera Samudera Shpg. Port Kelang, Singapore, Laem Chabang. Dronagiri 16/0217/02
TBATBA X-Press Anglesey 2001E RCL RCL Ag. Port Kelang, Singapore, Laem Chabang. (TIP Service) HMM HMM Shpg. Port Kelang(N), Port Kelang(W), Singapore. Seabird CFS 18/0219/02
TBATBA Conti Crystal 139E Q2701 1120544-25/01 ONE Line ONE (India) Port Kelang, Singapore, Leme Chabang, Kaimep, 17/0219/02
TBATBA One Competence 093E Yang Ming Yang Ming(I) Shanghai, Ningbo, Shekou. Contl.War.Corpn. 27/0228/02
Samudera Samudera Shpg. Dronagiri Gold Star Star Ship Port Kelang, Singapore, Hong Kong, Ningbo, Shanghai OceanGate
TO LOAD FOR FAR EAST, CHINA & JAPAN PORTS from BMCT
In Port 03/02 Interasia Progress E095 Q2627 1119653-20/01 Wan Hai Wan Hai Lines Port Kelang, Jakarta, Surabaya Dronagiri-1 08/0209/02
TBATBA Wan Hai 377 E004 KMTC/Interasia KMTC(I)/Interasia Port Kelang, Jakarta, Surabaya (AIS5/SI8 Service) Dronagiri-3/— In Port 03/02 OOCL Atlanta 163E Q2597 1119109-16/01 COSCO COSCO Shpg. Singapore, Hongkong, Shanghai, Ningbo, Shekou, 04/0205/02
HMM HMM Shpg. Singapore, Da Chan Bay, Busan, Kwangyang, Seabird CFS 12/0213/02
TBATBA Hyundai Platinum 089E
Sinokor Sinokor India Shanghai (FIM East Bound) Seabird CFS 09/02 10/02
TBATBA Stephenie C 2502 Q2671 1120074-22/01 Asyad Line Seabridge Shanghai, Ningbo, Shekou. (FEX) 14/0215/02
TBATBA Daphne 0872W Q2707 1120676-27/01 ONE Line ONE (India) Singapore 25/0226/02
TBATBA EF Olivia 0097W Samudera Samudera Shpg. (SIG) Dronagiri
‘Bharattradenet’ for International Trade to be set-up as a unified platform for trade documentation and financing solutions: Union Budget 2025-26
NEW DELHI : In our journey of realizing ‘Sabka Vikas’ by stimulating balanced growth of all regions, Exports have been reckoned as one of the powerful engines of India’s growth story The Union Budget 2025-26 tabled in Parliament recently by Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman, aims to initiate transformative reforms in domestic manufacturing and integrating India’s economy with global supply chains.
BharatTradeNet
A d i g i t a l p u b l i c i n f r a s t r u c t u r e , ‘BharatTradeNet’ (BTN) for international trade has been proposed to be set-up as a unified platform for trade documentation and financing
solutions. In the budget speech Smt. Sitharaman stated that, “BTN will complement the Unified Logistics Interface Platform and will be aligned with international practices”. Integrating India’s Economy with Global Supply Chains
The FM announced in the Union Budget 202526 that support will be provided to develop domestic manufacturing capacities for integrating Indian economy with global supply chains. In this direction, the sectors will be identified based on an objective criteria It is also proposed that facilitation groups with participation of senior officers and industry representatives be formed for select products and supply chains.
Smt. Nirmala Sitharaman highlighted that the youth of India have both high skills and talent which are required for capitalizing on the opportunities related to Industry 4 0 “Our Government will support the domestic electronic equipment industry to leverage this opportunity for the benefit of the youth”, she added. National Framework for GCC It has been proposed in the Union Budget 2025-26 that a National Framework will be formulated as guidance to states for promoting Global Capability Centres in emerging tier 2 cities Thiswillsuggest16measuresforenhancingavailability of talent & infrastructure, building-byelaw reforms, & mechanisms for collaboration with industry
The above vessel is arriving at NSICT on above mentioned date with Import Cargoes in containers.
Consignees are requested to obtain the Delivery Order by surrendering ORIGINAL BILLS OF LADING duly discharged on payments of relative charges as applicable within 5 days or else detention charges will be applicable.
Consignees will please note that the carriers of their agents are not bound to send individual notification regarding arrival of the vessel or the goods. For detailed information on cargo availability, please contact our office.
*Note: The importers having AEO status and those who are availing DPD facility for containerized cargo are allowed to pay Terminal Handling Charges (THC) directly to Ports/Terminal through their P.D Accounts. Upon making THC payment importers are requested to submit proof of payment duly stamped and acknowledged by Port/Terminal to Unifeeder Global FZCO for issuance of Delivery Order (DO) without Unifeeder Global Fzco’s THC Invoice and Receipt. Visit our Website : www.avanalogistek.com for Import Vessel arrival & IGM details
UNIFEEDER AGENCIES INDIA PVT. LTD.
As Agents of : UNIFEEDER GLOBAL FZCO
Unit No. 2002-2004, 2201-2204 & 2103 on 20th Floor, 21st & 22nd Floor, Building 02, Aurum Q Parc, Gen 4/1, TIC, Ghansoli, Thane Belapur Road, Navi Mumbai 400701 • Email : dhirendra.singh@unifeeder.com
The above vessel has arrived at NHAVA SHEVA (BMCT) on 02-02-2025 with import cargoes from ports HOCHIMINH, HONG KONG, JAKARTA, LAEM CHABANG, PORT KLANG NORTHPORT, SURABAYA also transshipment cargo of following Ex. Mother vessels:
VESSEL
STARSHIP JUPITER 2411S
JKT5050510
JKT5050587
JKT5050610 165 JKT5051509
JKT5051565
167 JKT5051606
168 JKT5051612
169 JKT5052751
170 JKT5053570
171 JKT5054623
172 JKT5054701
173 JKT5055619
174 JKT5056604
175 JKT5056620
176 JKT5058588
177 JKT5059507
178 JKT5059611
179 PKG2550563
180 PKG2552684
181 PKG2552685
182 PKG2555550
183 PKG2555584
184 PKG2556636
185 PKG2557623
186 PKG2558545
187 SGN5599927
188 SGN5602824
189 SUB2340655
190 SUB2340657
191 SUB2340759
192 SUB2341561
193 SUB2341679
194 SUB2343648
195 SUB2343681
196 SUB2345683
197 SUB2346661
198 SUB2346669
199 SUB2347644
200 SUB2347646
201 SUB2347720
202 SUB2348664
203 SUB2348685
204 SUB2349767
2413S
205 JKT5050469
206 JKT5050594
207 JKT5054605
208 JKT5054656
209 JKT5056579
210 JKT5056593
211 JKT5057532
212 JKT5058589
213 JKT5058685
214 JKT5059566
215 LCH5022674
216 PKG2550531
217 PKG2551534
218 PKG2553533
219 SGN5598908
220 SGN5598951
221 SGN5602800
222 SGN5603925
223 SGN5607548
224 SGN5608349
225 SUB2342725
226 SUB2349727
227 SUB2349763
228 SGN5606983
229 SUB2346684
230 SUB2344794
231 HKG5578327
232 JKT5056799
Consignees are requested to present Original Bills of Lading duly discharged and obtain Delivery Order on payment of all charges as applicable. Detention charges where applicable will be charged as per tariff.
Consignees are also requested to note that the carriers and/or their Agents are not bound to send individual notifications regarding arrival of the vessel or the goods.
NEW DELHI : The Economic Survey reflects the Narendra Modi government’s transformative impact on India’s Marine sector, Ports, Shipping and Waterways Minister ShriSarbanandaSonowal said.
Finance Minister Smt. Nirmala Sitharaman presented the Economic Survey 2024-25 in the LokSabha.
“Gratified to see the Ministry of Po r t s S h i p p i n g & Wa t e r w a y s trailblazing at the forefront among Infra Ministries with a remarkable 76% capital expenditure up to November 2024 for FY25 (BE) as per
Economic Survey 2024-25,” Sonowal said.
He also said that he is h a p p y t o w i t n e s s a n exceptional rate of capacity enhancement in Ports from 3 M T PA d u r i n g A p r i lNovember (FY24) to 21 MTPA during the same period this fiscal.
Citing the Economic Survey, he also said that there i s a t r e m e n d o u s improvement in the reduction of average container turnaround time in
Economic Survey : Capacity Addition In Physical Connectivity Sectors Stays On Course During FY 25
NEW DELHI : The Economic Survey stated that the capacity addition in physical connectivity sectors stayed on course during FY25. India’s development aspirations in the coming decade entail substantial investment in infrastructure, states the Economic Survey 2024-25, which was tabled by Union Finance and Corporate Affairs Minister Smt. Nirmala Sitharaman in the Parliament.
PORTS, SHIPPING AND INLAND WATERWAYS
Port capacity improved significantly in FY25, leading to improvements in operational efficiency and reduction in average container turnaround time in major ports from 48.1 hrs in FY24 to 30.4 hrs in FY25 (April-November).
INITIATIVES IN PORTS, SHIPPING AND INLAND WATERWAYS SECTOR
• The Central Government approved 98 PPP projects, including 23 captive projects, worth around ₹69,800 crore, excluding the Vadhavan Port Project with a PPP investment of ₹38,000 crore.
• Currently, 56 projects valued at ₹41,480 crore are operational, increasing port capacity by approximately 550 million tonnes per annum (MTPA).
• In October 2024, the National Maritime Heritage Complex in Lothal was approved, featuring a museum with 14 galleries, the tallest lighthouse museum, India’s largest Navy gallery and themed amusement parks.
• The International Container Transshipment port at Galathea Bay, Great Nicobar Island, has been planned to enhance cargo transshipment from Indian East Coast ports and neighbouring countries.
• Urban Waterways Projects, valued at ₹1,303 crore, are underway, with 16 of the 30 projects already completed, benefitting over 35 lakh passengers while facilitating the transport of more than 5 lakh vehicles and 1 lakh cargo trucks.
• India is enhancing waterway connectivity to the NorthEast by developing waterways in Bangladesh and funding 80 per cent of the ₹305 croreproject.
• India is also investing ₹1,010 crore to improve the Brahmaputra and Barak rivers and the IndoBangladesh Protocol route.
ROAD TRANSPORT
India has a total road network of 63.4 lakh km, including National highway (NH) network of 146,195 km. NH network forms the arterial backbone of road transport network as even though it comprises only 2 per cent of total road network yet it carries about 40 per cent of the overall road freight traffic.
Initiatives in Road Transport Sector
• The shift from project-based national highway development to corridor-based approach helped increase the highway length from 91,287 km in 2014 to 1.46 lakh km in 2024.
• Bharatmala Pariyojana, Char Dham Mahamarg Pariyojna, National High-Speed Corridors and 4-lane and above - National Highways.
• Key initiatives undertaken to improve road connectivity include advanced traffic management on highways, establishment of logistics parks, sustainable vehicle scrapping, and ongoing ropeway projects.
CIVIL AVIATION
Airport operators and developers, including the Airports Authority of India, are pursuing a capital expenditure plan exceeding ₹91,000 crore from FY20 to FY25. About 91 per cent of this has been achieved by November 2024.
RAILWAYS
The progress in the expansion of the railway network stayed at levels comparable to the previous year, while the addition of rolling stock increased considerably The focus on railway station infrastructure and modernisation of locomotives and coaching stock have improved passenger amenities in the railway sector Indian Railways is also modernising its signalling and safety systems to enhance operational efficiency and safety across its vast network. Elimination of mechanical signaling, Kavach Automated Train Protection system, Electronic interlocking, Automatic Block Signalling, Signal design automation tool for electronic interlocking are some of the initiatives in this regard.
Recent initiatives in the rail system
• GatiShakti multi-modal Cargo Terminal (GCT): 91 GCTs commissioned and 234 locations approved by October 31, 2024.
• Net zero carbon emission: Indian Railways targets 30 GW of renewable energy by 2029-30, with 375 MW of solar&103MWofwindcommissionedasofOctober2024
• Major economic corridors: 434 projects valued at ₹11.17 lakh crore have been identified under three railway corridors, mapped on the PM GatiShakti portal.
• Public Private Partnership (PPP): 17 projects have been completed (₹16,434 crore) and 8 ongoing (₹16,614 crore) under the PPP model
• Vande Bharat trains: Between April and October 2024, 17 new pairs of Vande Bharat trains were introduced to the network, and 228 coaches were produced.
Major Ports from 48.1 hours in FY24 to 30.4 hours in FU 25 (April-November).
Economic Survey : India's external trade outlook for 2025-26 could be influenced by Global Policy changes
NEW DELHI: India's external trade outlook for 2025-26 could be influenced by global policy changes, with major economies shifting their t r a d e s t a n c e s , h i g h l i g h t e d The Economic Survey 2024-25, presented by Nirmala Sitharaman.
The report, prepared by the Chief Economic Advisor to the Finance Ministry, flagged concerns that these changes could impact key Indian export sectors, including chemicals, machinery, textiles, and electronics.
The Survey emphasised the importance of diversifying export markets in the short term, while focusing on increasing market share in the medium term For the long term, it suggests that India should position itself as a strategic partner in h i g h - v a l u e s e c t o r s s u c h a s biotechnology and semiconductors, especially through partnerships in a d v a n c e d f i e l d s l i k e s p a c e , q u a n t u m t e c h n o l o g i e s , a n d telecommunications. However, the Economic Survey also warned that a continued rise in trade-restrictive measures could lead to higher costs, deter investment, stifle innovation,
and slow global economic growth.
Despite a widening merchandise trade deficit, India's services trade surplus has balanced the overall trade situation, it said. With services exports placing India as the seventhlargest global exporter in the sector, along with strong remittance inflows, the country's current account deficit (CAD) remains contained at 1.2% of GDP in Q2 FY25.
Trade performance so far
India’s exports contracted for the second month in a row by about 1% year-on-year to USD 38.01 billion due to global uncertainties, while imports rose about 5% to USD 59.95 billion. Key export sectors, including petroleum, gems and jewellery, and chemicals, have registered negative growth during the month under review
Cumulatively, during the AprilDecember period of this fiscal year, exports recorded a growth of 1.6% to USD 321 71 billion and imports by 5.15 per cent to USD 532.48 billion. Trade deficit -- the difference between imports and exportsduring April-December widened t o U S D 2
USD 189.74 billion during the same period of the previous fiscal year Trump's trade tariff threat
US President Donald Trump has warned that he will impose 100% tariffs against countries of the BRICS bloc, of which India is a part, if they take any steps to replace the US dollar. He had termed India as "Tariff King" and an "abuser" of import tariffs.
India is examining Trump's memorandum 'America First Trade Policy' to assess its impact on the bilateral trade with the US, which is its largest trading partner
Bilateral trade with the US is on track to grow, with India and the US continuing to expand their trade ties, particularly as tensions between the US and China potentially open up new export opportunities for Indian exporters.
The US, currently India’s largest trading partner, accounts for 18% of India’s goods exports, and its policies—such as possible tariffs on Indian products—could significantly affect trade dynamics.
In 2018, India retaliated against US tariffs on steel and aluminum by raising duties on 29 US products.
Customs to set up advanced processing system soon at Vizhinjam International Port
THIRUVANANTHAPURAM: Adani Ports, which is set to start gateway cargo or export-import cargo, is planning to explore the potential of setting up a special economic zone (SEZ), a logistics hub and warehouses for Vizhinjam international port. The aim is to give a fillip to port led development.
Harikrishnan Sundaram, Head of Container business at Adani Ports & SEZ, said the company would try to replicate its success at Mundra port, where it set up an SEZ.
Speaking at the Vizhinjam Conclave, Sundaram said that an industrial ecosystem was important
to drive port-led development.
“Jebel Ali port successfully built an ecosystem that fuelled its growth and played a key role in the UAE’s economic transformation. A similar model should be implemented at Vizhinjam ,” he said.
As traffic is increasing at Vizhinjam port, the customs department is speeding up installing an online system to clear paperwork relating to the entry and exit of ships and containers. Filing of bills of entry, shipping bills, general manifests and import-export documents to get customs clearance will soon be hasslefree as Indian Customs Electronic
Assistant Commissioner of customs at Vizhinjam port Gomathi said at a panel discussion at Vizhinjam Conclave that the online system would be implemented as documents for customs clearance have to be filed manually. EDI is mandatory for all documentation at ports. “We need around three to four days to test using 8-10 bills. After that, a public notice will be issued and the system will be available,” she added. Customs efficiency is important to minimize dwell time at the port, said Gomathi.
Adani Ports gets Expert Appraisal Committee backing for Rs 9,540 crore expansion of Vizhinjam port
N E W D E L H I : T h e E x p e r t Appraisal Committee (EAC) in the Ministry of Environment, Forest and Climate Change has recommended environmental clearance to Adani Ports and Special Economic Zone Ltd (APSEZ) for constructing the second and third phase of the Vizhinjam container transhipment port with an investment of Rs 9,540 crore The EAC recommendation will have to be signed off by the Ministry of Environment, Forest and Climate Change.
The port master plan development involves extending the quay (berth) length of the existing container berth by 1,200 metres to 2,000 metres, building container storage yard and related infrastructure behind the 1,200 metres extension berth (within port limits), extending the main b
, c o n
, 2
e s o f multipurpose berth and 250 metres of liquid berth (along the breakwater), development of liquid cargo storage
facility (product will be stored in tanks within port area), reclamation of 77.17 hectares of land and dredging of about 7.20 million cubic metres.
The construction of phases 2 and 3 w i l l e x p a n d Vi z h i n j a m p o r t ’ s container handling capacity by 3 87 million twenty-foot equivalent units (TEU’s) to 4.87 million TEUs, taking the port’s total cargo handling capacity, including multipurpose and liquid cargo, to 94.6 million tonnes (mt) from the existing 11.61 mt.
DGFT streamlines export regulations in alignment with Ministry of Health & Family Welfare regulatory framework
NEW DELHI : The Directorate General of Foreign Trade (DGFT) has decided to streamline export regulations by aligning with the evolving regulatory framework of the Ministry of Health & Family Welfare (MoH&FW) Accordingly, the provisions related to the Track and Trace System for pharmaceutical exports under the Foreign Trade Policy (FTP) are being withdrawn.
The Track and Trace System, introduced via Public Notice dated 10th January 2011, mandated barcoding at various packaging levels. While tertiary and secondary packaging requirements
were successfully implemented in 2011 and 2013, primary-level barcoding and parent-child data uploading faced operational challenges and were repeatedly deferred, with the last extension valid until 1st February 2025.
The decision to withdraw these provisions is based on the following key considerations:MoH&FW has already i m p
/ Q R c o d e requirements for 300 drug brands under the Drugs Rules, 1945, effective 1st August 2023, with plans for further expansion.
Most export destinations have their
own serialization requirements, ensuring product traceability without additional domestic regulations.
MoH&FW, as the primary regulatory authority, provides a unified framework through the Central Drugs Standard Control Organization (CDSCO), ensuring consistency and eliminating duplication. With this step, DGFT is enhancing ease of doing business for pharmaceutical exporters while ensuring regulatory coherence Accordingly, the provisions under Para 2 76 of the Handbook of Procedures (HBP) 2023 have been withdrawn.
Piyush Goyal deliberates with Export Promotion Councils & Industry
NEW DELHI : Union Minister of Commerce and Industry Shri Piyush Goyal co -chaired a productive meeting with Export Promotion Councils & Industry Associations
along with MoS Shri JitinPrasada and Commerce Secretary Shri Sunil Barthwal.
They have discussed strategies for accelerating exports, enhancing global
competitiveness & improving ease of trade. Assured PM Modi Govt’s commitment to boost India’s export ecosystem with targeted interventions & industry collaboration
Economic Survey : Road-ahead for Indian Exports
NEW DELHI: The Economic Survey released on January 31 made a key observation about the road-ahead for Indian exports, saying that "domestic growth levers will be relatively more important than external ones in the coming years."
The era of rapid growth for world trade is over, and India's foreign trade playbook must now be seen in that context, the survey underlined. Powerhouse performers falling
Europe is grappling with significant political and economic challenges Germany, the continent's largest economy, has experienced a downturn for two consecutive years Political instability adds to the uncertainty, with elections scheduled for February this year Similarly, France is navigating political turbulence following recent snap elections.
The United Kingdom has witnessed a government transition, with the Labour Party returning to power amid fiscal challenges and an economic slowdown. Overall, Europe is under p r e s s u r e t o m a i n t a i n i t s competitiveness, exacerbated by soaring energy costs linked to the shift towards renewable energy.
These issues have had a notable impact on the global economy, as reflected in the Federal Reserve Bank
of Dallas's Index of Global Economic Activity, which has shown volatility since the pandemic and slowed down towards the end of 2023.
China stalling
Following the reopening of the Chinese economy after the pandemic lockdown, a surge in economic growth has not materialised. Instead, issues such as overcapacity and financial pressures within the real estate sector have become more apparent The economy is experiencing deflation due to weak aggregate demand.
Furthermore, the lack of substantial policy measures aimed at enhancing domestic consumption has resulted in excess capacity being redirected towards external markets. As a result, Chinese exports are performing well. In 2024, China’s trade surplus reached almost one trillion US dollars.
Rupee-dollar uncertainty
The recent uptick in the value of the US dollar, coupled with the Federal Reserve's reassessment of its policy rate trajectory, has resulted in a d e c l i n e o f e m e r g i n g m a r k e t currencies This decline can be attributed to fiscal pressures and historically low real interest rates, which have caused certain currencies to lose value at an accelerated pace compared to their peers
Additionally, sovereign borrowing costs are increasing as financial markets adjust their expectations regarding inflation, the future direction of policy rates, and the overall soundness of fiscal policies.
Numerous stock markets globally are currently experiencing high levels, showing little apprehension regarding uncertainties surrounding economic growth and earnings. Investors also seem unfazed by financial stability risks, despite significant worries resurfacing about securitisation, leveraged loans, and private credit.
When evaluated through various metrics, the present valuation and sentiment in the US stock market may rank as the most extreme or within the top three.
What all this really means for India
In such a global backdrop, even as India makes full effort to keep steady and sustain the growth momentum that the economy seen of late, the uncertain world trade growth scene would mean that exports growth for India is no longer a given.
Historically, India’s export growth hasbeenahighbetaplayonglobalexport growth, the survey noted. This means "domestic growth levers will be relatively more important than external ones in the coming years," it added.
Key Budget 2025 Highlights
1] Finance Minister Nirmala Sitharaman on Saturday, February 1, ended her Union Budget 2025-26 presentation with a booster to the middle class. FM announced that no income tax will be payable for annual income upto ₹12 lakh.
2] She also announced that the annual limit for TDS on rent has been raised from ₹2 40 lakh to ₹6 lakh, benefiting small taxpayers receiving smaller payments.
3] In a move aimed at formalising the gig economy, Sitharaman announced that the Government will provide identity cards and registration for gig workers. The initiative is expected to enhance social security and streamline benefits for the country’s growing freelance and contractual workforce
4] The Finance Minister unveiled a new scheme to position India as a global hub for toy manufacturing. The initiative will focus on cluster development, skillbuilding, and improving the manufacturing ecosystem to promote high-quality, innovative, and sustainable Indian-made toys.
5] To strengthen the rural economy, Sitharaman launched the Dhan Dhanya Krishi Yojana, which will be implemented in 100 districts across the country
The scheme aims to benefit 1.7 crore farmers, create rural job opportunities, and reduce migration by making agriculture more lucrative.
6] While the TDS threshold on rent has been increased to ₹6 lakh, TCS on education loans up to ₹10 lakh (from specified financial institutions) will be removed.
7] The Government will rationalise the Tax Deducted at Source (TDS) by reducing the number of rates and thresholds, making the process more taxpayer-friendly
8] FM also announced that 36 Life-Saving Drugs have been added to the list of medicines fully exempt from Basic Customs Duty (BCD).
9] She also said that top 50 tourism destination sites will be developed in partnership with states to boost tourism across India and a focus will be placed on promoting medical tourism and "Heal-in-India" initiatives to attract international patients.
10]Sitharaman made history today as the only Finance Minister to deliver eight consecutive budget speeches The Budget, which comes as Prime Minister Narendra Modi’s Government began its third term, is being closely watched for its measures to address economic slowdown and fiscal challenges.
NEW DELHI : The Union Budget 2025-26 was tabled by the Union Minister for Finance and Corporate Affairs, Smt Nirmala Sitharaman in the Parliament. The Budget proposes changes in GST laws for ensuring trade facilitation These proposed amendments include:
Provision for distribution of input t a x c r e d i t b y I n p u t S e r v i c e Distributor in respect of inter-state supplies on which tax has to be paid on reverse charge basis, with effect from 1st April, 2025.
A new clause to provide definition of Unique Identification Marking for implementation of Track and Trace Mechanism.
P r o v i s i o n f o r r e v e r s a l o f corresponding input tax credit required in respect of a credit-note, if availed, for the purpose of reduction of tax liability of the supplier 10% mandatory pre-deposit of penalty amount for appeals before Appellate Authority in cases involving only demand of penalty without any demand for tax.
P rovision for penalties for contraventions of provisions related to the Track and Trace Mechanism.
Provision in Schedule III of the CGST Act, 2017 stating that the supply of goods warehoused in a Special Economic Zone or in a Free Trade Warehousing Zone to any person
before clearance for exports or to the Domestic Tariff Area shall be treated neither as supply of goods nor as supply of services. Also no refund of tax already paid will be available for such transactions. This will be applicable with effect from 01.7.2017.
Inclusion of definitions of 'Local Fund' and 'Municipal Fund' used in the definition of "local authority".
Certain conditions and restriction for filing of return to be included. These changes will be brought into effect from a date to be notified in coordination with States, as per recommendations of the GST council, states the budget.
FIEO hails Govt’s Positive Outlook on India’s External Sector
N E W D E L H I :
Mr Ashwani Kumar, President, Federation of I n d i a n E x p o r t Organisations (FIEO) welcomed the Economic Survey 202425, which highlights India’s external sector resilience amid global uncertainties. FIEO President commended the Government’s efforts in navigating a challenging economic landscape and stresses the need for sustained policy focus on e x p o r t c o m p e t i t i v e n e s s a n d sustainable growth.
With India’s GDP projected to grow between 6.3% and 6.8% in FY26 and exports rising by 6%, overcoming g l o b a l h e a d w i n d s a n d r i s i n g
protectionism, Mr Kumar sees this as an encouraging sign for the export sector
He emphasized that a stable and growing economy provides a strong foundation for export- oriented industries, and acknowledges the Survey’s insights on challenges like geopolitical tensions, inflation and global slowdown Indian exporters must remain agile and adaptive to evolving global demand patterns.
Some of the key recommendations by FIEO include:
B o o s t i n g E x p o r t Competitiveness : Simplification of procedures, reduction in transaction costs and adoption of innovation & technology
• M a r k e
D i v e r s i
i o n : Expanding beyond traditional destinations to mitigate risks.
• Value-Added Exports: Moving up the value chain to enhance profitability.
• T r a d e I n f r a s t r u c t u r e D e v e l o p m e n t : I n c r e a s e d investment in ports, airports and logistics to improve efficiency.
• MSME Support: Greater access to credit, technology upgradation and marketing assistance for Brand India.
• Digitalization & Technology Adoption: Essential for improving efficiency and global market access.
Union Budget 2025-26 proposes to remove 7 Customs Tariff Rates for Industrial Goods
Proposals
to support Domestic Manufacturing and Value Addition while promoting Exports, Facilitating Trade and providing relief to common people
NEW DELHI : The Union Budget 2025-26 presented by Union Minister for Finance and Corporate Affairs, Smt Nirmala Sitharaman in Parliament, focuses its Customs proposals on rationalizing tariff structure and addressing duty inversion. The Minister said that the proposals will also support domestic manufacturing and value addition while promoting exports, facilitating trade and providing relief to common people.
Delivering on the promise to review customs rate structure announced in July 2024, the Budget proposes to remove seven customs tariff rates for industrial goods over and above the seven tariff rates removed in Budget 2023-24. This will leave only eight tariff rates, including ‘zero’ rate. The Budget also proposes to levy not more than one cess or surcharge. This will exempt Social Welfare Surcharge on 82 tariff lines that are subject to a cess.
RELIEF ON IMPORT OF DRUGS/MEDICINES
In sector specific proposals, the Budget comes as a big relief to patients, particularly to those suffering from cancer, rare diseases and other severe chronic diseases. The Budget proposes to add 36 life saving drugs and medicines to the list of medicines fully exempted from Basic Customs Duty. The Budget also proposes to add 6 life saving medicines to the list attracting concessional customs duty of 5%. Full exemption and concessional duty will also respectively apply on the bulk drugs for manufacture of the above.
Specified drugs and medicines under Patient Assistance Programmes run by pharmaceutical companies are fully exempt from Basic Customs Duty, provided the medicines are supplied free of cost to patients. The Budget proposes to add 37 more medicines along with 13 new patient assistance programmes to the list.
SUPPORT TO DOMESTIC MANUFACTURING AND VALUE ADDITION
The Budget proposes to add 35 additional capital goods for EV battery manufacturing, and 28 additional capital goods for mobile phone battery manufacturing to the list of exempted capital goods. “This will boost domestic manufacture of lithium-ion battery, both for mobile phones and electric vehicles”, FM stated in her speech.
The Budget also proposes to fully exempt Basic Customs Duty on cobalt powder and waste, the scrap of lithium-ion battery, Lead, Zinc and 12 more critical minerals. Finance Minister said that this will help secure their availability for manufacturing in India and promote more jobs for our youth. This is in addition to the 25 critical minerals fully exempted of BCD in July 2024 Budget.
To promote domestic production of technical textile products such as agro-textiles, medical textiles and geo textiles at competitive prices, the Budget proposes to add two more types of shuttle-less looms to the list of fully exempted textile machinery “I also propose to revise the BCD rate on knitted fabrics covered by nine tariff lines from “10% or 20%” to “20% or Rs.115 per kg, whichever is higher”, said Finance Minister in her speech.
In line with the ‘Make in India’ policy, the Budget proposes to increase the BCD on Interactive Flat Panel
Display (IFPD) from 10% to 20% and reduce the BCD to 5% on Open Cell and other components. The Minister informed that it will rectify the inverted duty structure.
Considering the long gestation period of shipbuilding, the Budget proposes to continue the exemption of BCD on raw materials, components, consumables or parts for the manufacture of ships for another ten years. The Budget also proposes the same dispensation for ship breaking to make it more competitive.
The Budget also proposes to reduce the BCD from 20% to 10% on Carrier Grade ethernet switches to make it at par with Non-Carrier Grade ethernet switches. Finance Minister said that that this will prevent classification disputes.
EXPORT PROMOTION
The Budget also contains certain tax proposals to promote exports. To facilitate exports of handicrafts, it proposes to extend the time period for export from six months to one year, further extendable by another three months, if required. The Budget also proposes to add nine handicraft items to the list of duty-free inputs.
The Budget also proposes to exempt crust leather from 20% export duty to facilitate exports by small tanners, while fully exempting BCD on Wet Blue leather to facilitate imports for domestic value addition and employment.
To enhance India's competitiveness in the global seafood market, the Budget proposes to reduce BCD from 30% to 5% on Frozen Fish Paste (Surimi) for manufacture and export of its analogue products. It also proposes to reduce BCD from 15% to 5% on fish hydrolysate for manufacture of fish and shrimp feeds.
To promote development of domestic MROs for aircraft and ships, the July 2024 Budget extended the time limit for export of foreign origin goods that were imported for repairs, from 6 months to one year and further extendable by one year. The Budget 2025-26 proposes to extend the same dispensation for railway goods.
TRADE FACILITATION AND EASE OF DOING BUSINESS
Presently, the Customs Act, 1962 does not provide any time limit to finalize Provisional Assessments leading to uncertainty and cost to trade. As a measure of promoting ease of doing business, the Budget proposes to fix a timelimit of two years, extendable by a year, for finalizing the provisional assessment.
The Budget also proposes to introduce a new provision that will enable importers or exporters, after clearance of goods, to voluntarily declare material facts and pay duty with interest but without penalty “This will incentivize voluntary compliance. However, this will not apply in cases where department has already initiated audit or investigation proceedings”, said Smt Sitharaman.
The Budget proposes to extend the time limit for the end-use of imported inputs in the relevant rules, from six months to one year. This will not only allow industry to better plan their imports, but also provide operational flexibility in view of cost and uncertainty of supply. Further, such importers will now have to file only quarterly statements instead of a monthly statement.
SHIPPING MOVEMENTS AT GUJARAT PORTS
7.04 12:13 0.38
6.44
CJ-I New Born B S Shpg. 05/02
CJ-II Soul Mercy Anline Shpg. 07/02
CJ-III Prince Khalid DBC 08/02
CJ-IV Sole B S Shpg. 06/02
CJ-V Seiyo Goddess Mitsutor 05/02
CJ-VI Deep Blue B S Shpg. 04/02
CJ-VII VACANT
CJ-VIII Venus Triumph Seaworld 04/02
CJ-IX Aquila Shaan Marine 07/02
CJ-X VACANT
CJ-XI AS Alexandria JMBaxi 04/02
CJ-XII Atlantic Ibis Hapag Llyod 04/02
CJ-XIII Port Alice Mihir & Co. 06/02
CJ-XIV Propel Proseperity ACT Infra 05/02
CJ-XV Thames Trader Cross Trade 07/02
CJ-XVA BBG Ocean Chowgule Bros 08/02
CJ-XVI Adventure
TUNA VESSEL'S
OJ-I Kruibeke
OJ-II Ginga Hawk GAC Shpg. 04/02
OJ-III Tonda
OJ-IV Hari Leela
OJ-V Paramita Interocean 04/02
OJ-VI VACANT
OJ-VII Emma Grace Interocean 04/02
on
NextDestn.NextDestn. Next Destn. Lan hai Zhu Yuan 01/02 Karachi-Jebel Ali TCI Anand 01/02 Manglore-CochinTuticorin-Chennai
Kashan 01/02 Bandar AbbasJebel Ali ConstantaChabahar Artabaz 02/02 Bandar AbbasJebel Ali-ConstantaChabahar
04/02 04/02-AM GSL Christen 501W 5010424 X-Press Feeder Sea Consortium Singapore, Dalian, Xingang, Qingdao, Busan, Kwangyang, 05/02 Heung A/Sinokor Sinokor (I) Ningbo, Tanjung, Pelepas, Port Kelang (NWX) 05/02 05/02-AM Interasia Elevate 48E 5010470 InterasiaInterasia Port Kelang, Ho Chi Min City, Laem Chabang (VTI)
08/02 07/02-PM Inter Sydney 172 5010485 Interworld Efficient Marine China (BMM) 09/02 09/02 08/02-PM Interasia Accelerate 4E 5010487 Heung A/WHL Sinokor (I)/WHL Port Kelang, Shekou, Dalian, Shanghai, Ningbo, Hongkong (SIS1) 10/02
Asyad Line Seabridge Marine Haiphong, Laem Chabang, Jakarta (IEX) TO LOAD FOR INDIAN SUB CONTINENT
In Port —/— Maersk Aras 452E 5010425 Maersk Line Maersks India Colombo (MW2 MEWA) 04/02
CONTAINER VESSELS DUE
IN PORT FOR IMPORT DISCHARGE
In Port Maersk Aras (V-452E) 5010425 Maersk India Nhava Sheva 03/02 GSL Eleni (V-505W) Maersk India Jebel Ali 03/02 X-Press Altair(V-25002W) 5010482 X-Press Feeder Karachi
CB-1 SM Mahi (V-505) MBK Logistics 04/02 CB-2 Maersk Aras (V-452E) Maesrk India 04/02
04/02 GSL Phoenix (V-501W) 5010424 Maersk India Karachi 09/02 Interasia Accelerate (V-4E) 5010487 Interasia Line Nhava Sheva 19/02 Celsius Edinburgh (V-5S) 5010605 Unifeeder Agency Jebel Ali
Spirit Of Kolkata (V-2502W)Nhava Sheva 31-01-2025 Marathopolis (V-505S) Ad Dammam 31-01-2025 Wan Hai 613 (V-67E) Port Kelang 01-02-2025
KMTC /TS Line KMTC India/TS Line (I) Port Kelang, Hongkong, Sanghai, Ningbo. (CWX) TO
In Port —/— TS Dalian 16W 2500488 ONE Line ONE India Colombo (SIG)
ADANI INTERNATIONAL CONTAINER TERMINAL
PORTS
PIPAVAV PORT
ETA Cut Off/Dt.Time Vessels Name Voy VCN LINE AGENT WILL LOAD FOR ETD TO LOAD FOR MED., BLACK SEA, U.K., NORTH CONTINENT AND SCANDINAVIAN PORTS 07/02 06/02-1800 W Kithira 506W 25048 Maersk Line Maersk India Algeciras
14/02 13/02-1800 Maersk Detroit 507W 25049 (MECL)
21/02 20/02-1800 Maersk Karachi 508W 25059
TO LOAD FOR FAR EAST, CHINA, JAPAN, AUSTRALIA, NEW ZEALAND AND PACIFIC ISLANDS
03/02 —/— OOCL Atlanta 163E 25043 COSCO COSCO Shpg. Singapor, Cai Mep, Hongkong, Shanghai, Ningbo, Shekou, 04/02 06/02 05/02-0900 Xin Beijing 150E 25044 Nansha, Port Kelang (CI1)
04/02 04/02-1200 Xin Da Yang Zhou 098E 25037 COSCO / OOCL COSCO Shpg./OOCL(I) Port Kelang, Singapore, Hong Kong, Shanghai, Xiamen, Shekou. 05/02 11/02 11/02-0600 OOCL Jakarta 180E 25046 Gold Star / RCL Star Shpg/RCL Ag. Nansha New Port (CIXA) 12/02 20/02 20/02-0600 OOCL Hamburg 155E 25058 21/02 04/02 04/02-2230 Dimitris Y 0251E24045 X-Press Feeders Merchant Shpg. Port Kelang, Singapore, Laem Chabang. 05/02 11/02 11/02-1100 X-Press Anglesey 25001E 25057 ONE ONE (India) (TIP) 12/02 05/02 05/02-1900 GSL Nicoletta 506E 25047 Maersk Line Maersk India Singapore, Dalian, Xingang, Qingdao, Busan, Kwangyang, 06/02 13/02 13/02-0300 X-Press Odyssey 507E 25056 X-Press Feeders Merchant Shpg. Ningbo. (NWX) 13/02 Sinokor/Heung A Sinokor India Port kelang, Singapore, Qindao, Xingang, Pusan. 15/02 15/02-1000 Conti Crystal 139E 25054 ONE ONE (India) Port Kelang, Singapore, Haiphong, Cai Mep, Pusan, Shahghai, 16/02 20/02 20/02-1000 One Competence 093E
TO
LOAD FOR WEST ASIA GULF, RED SEA & EAST AFRICAN
PORTS 05/02 04/02-1900 SM Mahi 505 25052 Global Feeder Sima Marine Sohar, Jabel Ali (SHAEX)
07/02 06/02-1800 W Kithira 506W 25048 Maersk Line Maersk India Salallah, Port Said, Djibouti, Jebel Ali, Port Qasim. (MECL)
08/02 08/02-0300 HT Capricon 506 25053 Maersk Maersk India Sohar, Jabel Ali (NSHEX)
