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Vol. LX No. 155 rd THURSDAY 3 SEPTEMBER 2020
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Shipping Ministry’s Maritime Vision 2030 likely by October NEW DELHI: The Shipping Ministry is likely to firm up its Maritime Vision for 2030 as it looks to boost waterways, give a fillip to the shipbuilding industry and encourage cruise tourism in the country. The document, which could be ready as early as October this year, is set to supersede the Sagarmala initiative. The aim of the exercise is to ultimately reduce the logistics cost in the country, a senior official said recently. “We have been working on this exercise... With 2020 getting over, we will have a new vision for the sector going forward,” the official said, asking not to be identified. Among other areas being worked upon, the ministry wants to make port charges competitive, have a single tariff structure for all ports, and bring in the landlord model for all ports, which will see ports being operated by private players.
The Major Ports Authority bill in this regard has been introduced in the Parliament. The Ministry is also looking at utilization of port land for industrialisation with focus on ‘Dedicated Cargo for Port, Investment and Employment’. A new township policy for ports will also be introduced. The draft maritime vision document plans to increase the coastal cargo movement from 6% currently to 25%. A coastal cargo promotion committee will be set up to this effect. The Ministry is also looking at increasing India’s visibility at the international level in the maritime sector, and strengthening maritime relations with different countries, as part of the exercise. Promotion of Water Transport for decongestion of urban areas, and developing waterways as an alternative means of urban transport, are among other focus areas.
Govt caps key Export benefit to Validity of e-way bills extended Rs 2 crore per exporter till Dec till November 30: CBIC NEW DELHI: The Government has capped the benefits under the Merchandise Export from India Scheme (MEIS) at Rs 2 crore per exporter on exports made between September 1, 2020 to December 31, 2020 without changing the coverage of the scheme and the applicable rates. It also said that the new Import Export Code (IEC) obtained on or after September 1 will be ineligible to submit any MEIS claim for exports, and the ceiling would be subject to a downward revision to ensure that the total claim doesn’t exceed the allocated Rs 5,000 crore for the period. Cont’d. Pg. 5
NEW DELHI: The Central Board of Indirect taxes and Customs (CBIC) extended the validity of e-way bills till November 30, while extending the due date for certain compliances under customs, central excise and service tax laws till the same date. “Provided that where, any time limit for completion or compliance of any action, by any authority, has been specified in, or prescribed or notified under section 171 of the said Act, which falls during the period from the 20th day of March, 2020 to the 29th day of November, 2020, and where completion or compliance of such action has not been made within such time, then, the timelimit for completion or compliance of such action, shall be extended up to the 30th day of November, 2020,” the Board said in a notification recently. Cont’d. Pg. 5