MUM-03-10-2023

JWR CFS : Introduces Mobile & Web App first time in CFS Industry

NAVI MUMBAI: JWC Group founded by Shri Lalit C. Jobanputra in the year 1980 has been a part of the Logistics revolution in India by standing steady for more than 3 decades.

Recently, JWR CFS added yet another feather in its cap by embracing the digital initiative of introducing a Mobile and Web App in its CFS located near Nhava Sheva. This enables Export carting simple and easy via Digital mode. For the first time in the CFS industry, JWR Logistics, India's largest consolidating CFS, introduces real-time faceless entry of cargo and

E- gate system. JWR always had a customer centric approach and continues to move for ward with Government of Bharat's initiative towards Digital Bharat. Salient Features

• Introducing faceless e-Gate Allow

• Submit your e-Gate based on the Shipping Bill Number just by sitting in the office

• Single or multiple Shipping Bills in a Single or multiple vehicles

• No more waiting in long queues and get quick online allowfromCFS

• Share the e-Gate allow with Drivers for the quick entry

• Real time notification of inward and exit of vehicles.

Dushyant Mulani takes over as Chairman FFFAI; New Office Bearers elected at 60th AGM in Mumbai

MUMBAI: In its 60th Annual General Meeting which was held on September 29, 2023 in Mumbai, the Federation of Freight Forwarders’ Associations in India (FFFAI) elected new Office Bearers of the Executive Committee for the term 2023-25 Mr. Dushyant Mulani, who was earlier Chairman Elect, FFFAI and currently President of Brihanmumbai Custom Brokers Association, has taken over as the Chairman of FFFAI.

Cont’d. Pg. 6

WINWIN GROUP : Celebrating 9 Years of Excellence, Embarking on a Decade of Shipping Success

GANDHIDHAM: In the world of logistics and transportation, milestones are not just markers of time but symbols of enduring c o m m i t m e n t a n d g r o w t h I t i s w i t h i m m e n s e p r i d e a n d g r a t i t u d e t h a t w e , at WINWIN GROUP announce the completion of nine years of dedicated service in the industry As we stand on the outset of our tenth year, we reflect on our journey, accomplishments, and the exciting future ahead

For a company to navigate the unpredictable waters of the shipping & logistics industry successfully for nearly a decade is no small feat. It's a journey marked by challenges, triumphs, and unwavering commitment Today, we proudly celebrate our nine remarkable years of the company's journey and set course towards an even brighter and more promising future as we enter into the tenth year. Cont’d. Pg. 33

FFFAIChairmanMr DushyantMulani (5th from left) alongwithotherOBs (left to right) Mr.RajeshVerma, Mr Dinesh Gupta, Mr. G. Sambasiva Rao, Mr Shankar Shinde, Mr Amit Kamat, Mr Sailesh Bhatia, Mr SudipDey,Mr SudhirAgarwalandMr PuneetJain.

Dushyant Mulani takes over as Chairman FFFAI; New Office Bearers elected at 60th AGM in Mumbai

Cont’d. from Pg. 3

Mr Amit Kamat (Honorary Secretary Goa Custom Brokers Association) has been elected as Chairman Elect for the term 2023-25.

Following are the six Vice Chairmen who have been elected at this AGM:

1. Mr. Puneet Jain (President, Delhi Customs Brokers Association)

2. Mr. Rajesh Verma (President, Ludhiana Customs House Agents Association)

3. M r G S a m b a s i v a R a o ( Pa s t P r e s i d e n t , Visakhapatnam Customs Brokers Association)

4. Mr. Anurag Vijayvargiya (President, Indore Customs House Agents Association)

5. Mr. Dinesh Gupta (President, Kandla Custom Brokers Association)

6. Mr. Sailesh Bhatia (Honorar y Secretar y, Aurangabad Customs House Agents Association)

Mr. Sudip Dey (Past President, Calcutta Customs H o u s e A g e n t s A s s o c i a t i o n ) h a s b e e n elected unopposed as Honorary Secretary and Mr. Sudhir Agarwal (Past President, Nagpur Customs House Agents Association) has been elected unopposed as Honorary Treasurer.

M r. S h a n k a r S h i n d e ( P a s t P r e s i d e n t , Nashik Customs House Agents Association) is the Immediate Past Chairman of FFFAI for the term 2023 25

PastChairmanofFFFAIMr ShankarShindewelcomingthenewChairman ofFFFAIMr DushyantMulanihandingovertheChairman’sCup.

BCBAOffice Bearers felicitate the incoming FFFAI Chairman Mr. Dushyant Mulani.

At the first EC meeting of FFFAI for 2023-25 (L-R) G. Sambasiva Rao, Mr. Shankar Shinde, Mr. Sudip Dey, Mr. Dushyant Mulani, Mr Amit Kamat, Mr. Sudhir Agarwal, Mr. Rajesh Verma, Mr. Puneet Jain and Mr. Sailesh Bhatia.

Chairman Mr. Dushyant Mulani (standing 9th from left in the first row) along with new OBs and EC members of FFFAI for the term 2023-25.

MANSA hails Government’s exemption of 5% integrated GST on ‘ocean freight’ on import from 1st October 2023

MUMBAI: The Finance Ministry has notified changes to the IGST Act exempting payment of 5% integrated G S T u n d e r r e v e r s e c h a r g e mechanism on ‘ocean freight’ on imports by CIF (Cost, Insurance and Freight) contract, with effect from 1st October 2023.

Mr. Vijayendra Parvataneni, President MANSA the leading Association of the shipping Agencies that operate at Mumbai Port, Jawaharlal Nehru Port primarily and Pan India, hailed the government’s exemption of 5% integrated GST on ‘ocean freight’ on imports from October 1, aligning with the Supreme Court Bench Justices D. Y. Chandrachud, Surya Kant and Vikram Nath’s watershed judgement in the Union of India & Anr v M/s Mohit Minerals Pvt. Ltd. [Civil Appeal No. 1390 of 2022 dated May 19, 2022] upholding the judgement pronounced by the Hon’ble Gujarat High Court that no IGST is payable on ocean freight under Reverse Charge Mechanism (RCM) on contracts of Cost, insurance, and freight (CIF) imports of goods by the Indian importers since it is a composite supply of goods on which IGST is liable to

be paid under Section 5(1) of the IGST Act read with Section 20 of the IGST Act, Section 8 and Section 2(30) of the C G S T A c t a n d n o separate levy of IGST under RCM is to be made on the Indian importer for the supply of services of transportation of goods by the shipping line since it would be in violation of Section 8 of the CGST Act, 2017.

Importers who have remitted IGST under RCM for ocean freight can now seek refunds in line with this ruling.

MANSA extends its gratitude to the Government for providing lucidity on this intricate matter. It believes that the Government move will contribute to a more transparent and predictable tax landscape for the shipping industry, mitigating compliance burdens and fostering a conducive business environment.

Mr. Vijayendra Parvataneni President, MANSA

TO

FOR

Indial Shpg. U.K., North Cont., Scandinavian, Red Sea & Med. Ports. Seahorse Ship U.K., North Continent, Scandinavian Ports & Riga, Klaipede, Tallim, St.Petersburg, Genoa, Valencia, Fos.

Globelink Globelink WW U.K., North Continent, Scandinavian Ports & Ashdod, Piraeus, Thessaloniki, Athens.

TSS L'Global Ag. U.K., North Continent & Scandinavian Ports. Dronagiri-2

AMI Intl. AMI Global U.K., North Cont., Scandinavian, Red Sea & Med. Ports. Dronagiri-3 Kalko Faredeal U.K., North Continent & Scandinavian Ports. Dronagiri-3

Team Leader Team Leader Felixstowe, Rotterdam, Antwerp, Hamburg, Barcelona, JWR CFS Le Havre, Istanbul, Genova.

Safewater Safewater Lines U.K., North Continent, Red Sea & Med. Ports.

Team Global Team Global Log. U.K., North Continent & Scandinavian Ports.

TO LOAD FOR USA, CANADA, ATLANTIC, PACIFIC, SOUTH AMERICAN & WEST INDIES PORTS from NSIGT

TO LOAD FOR USA, CANADA, ATLANTIC, PACIFIC, SOUTH AMERICAN & WEST INDIES PORTS from GTI

TO LOAD FOR USA, CANADA, ATLANTIC, PACIFIC, SOUTH AMERICAN & WEST INDIES PORTS from BMCT

VESSELS DUE AT NSFT/NSICT/NSIGT/GTI/BMCT FOR EXPORT LOADING

TO LOAD FOR WEST ASIA GULF PORTS From NSICT

Feeders Sea Consortium Jebel Ali, Bandar Abbas.

Cordelia Cont. Jebel Ali, Sharjah, Abu Dhabi, Ajman, Dammam, Jubail, Hamad, Baharin, Shuaiba, Shuwaikh, Sohar, Umm Qasr

Alligator Shpg. Aiyer Shpg. Jebel Ali.

BSS Bhavani Shpg. Jebel Ali, Doha, Kuwait, Bahrain, Bandar Abbas.

Ship Gulf Ports.

LMT Orchid Gulf Ports.

Bay Line Freight Conn. Port Sudan & Al Sokhna

& Upper Gulf Ports.

Team Leader Team Leader Dubai, Jebel Ali

TO LOAD FOR WEST ASIA GULF PORTS From BMCT

Basra.

Emirates Emirates Shpg. Jebel Ali. QNL/Milaha PoseidonShpg. 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

Fdrs. Samsara Sharjah, Khalifa, Bahrain, Dammam, Umm Qasr, Ajman,

Ming Yang Ming(I) Umm Al Quwain, Ras Al Khaima. (UIG)

COASTAL SERVICE MOVEMENT

GDL & DR

VESSELS DUE AT NSFT/NSICT/NSIGT/GTI/BMCT FOR EXPORT LOADING

TO LOAD FOR FAR EAST, CHINA & JAPAN PORTS from NSFT

TO LOAD FOR FAR EAST, CHINA &

25/1026/10 TBATBA One Matrix 083E

30/1031/10 TBATBA Ever Eagle 175E

CISC Service

PORTS from NSICT

—/—

Hapag ISS Shpg. P.Kelang, Singapore, Xiangang, Qingdao, Shanghai, Ningbo, Da Chan Bay. ULA CFS

KMTC KMTC (I) P.Kelang,Singapore,Tanjung Pelepas,Xiangang,Qingdao,Laem Chabang. Dronagiri-3

TS Lines TS Lines (I) P.Kelang,Singapore,Tanjung Pelepas,Xiangang,Qingdao,Laem Chabang. Dronagiri-2

HMM HMM Shpg. P.Kelang(S), Singapore, Xiangang,Qingdao, Kaohsiung. Seabird CFS

CU Lines Seahorse Ship Port Kelang, Singapore, Haiphong, Qingdao, Shanghai, Ningbo.

BSS Bhavani Shpg. Port Kelang, Singapore, Jakarta, Yangoon, Surabaya, Belawan, Ashte CFS

05/1005/10 05/10

Sinokor India

Lines TS Lines (I) Cordelia Cordelia Cont. Port Kelang, Far East & China Ports Blue Water PoseidonShpg. Shanghai, Ningbo, Qingdao. Speedy CFS

VESSELS DUE AT NSFT/NSICT/NSIGT/GTI/BMCT FOR EXPORT LOADING

CHINA & JAPAN PORTS from GTI

Endeavour 069E RCL RCL Ag. Port Kelang, Singapore, Laem Chabang.

05/1105/11 TBATBA X-Press Bardsey 23009E HMM HMM Shpg. Port Kelang(N), Port Kelang(W), Singapore. Seabird CFS

12/1013/10 TBATBA X-Press Odyssey 23042E P1344 281694-25/09 Maersk Line Maersk India Port Kelang, Tanjung Pelepas, Singapore, Hongkong, Maersk CFS

16/1017/10 TBATBA Ever Sigma 23043E CMA CGM CMA CGM Ag. Kwangyang, Pusan, Hakata, Shanghai. Dron.-3 & Mul. (NCX/FI-3)

TO LOAD FOR FAR EAST, CHINA & JAPAN PORTS from BMCT

In Port 04/10 Ever Ulysses 154E P1276 281179-15/09 RCL/PIL RCL Ag./PIL Port Kelang, Haophong, Nansha, Shekou. 07/1008/10 TBATBA

HMM Shpg. Port Kelang, Singapore, Hongkong, Kwangyang, Pusan, Shanghai, Ningbo Seabird CFS

Evergreen Shpg. Port Kelang, Singapore, Haipong, Qingdao, Shanghai, Balmer Law. CFS Dron.

14/1015/10 TBATBA KMTC Dubai 02306E P1312 281879-27/09 KMTC/Gold Star KMTC(I)/Star Ship Ningbo, Da Chan Bay

20/1021/10 TBATBA Ever Elite 162E

05/1106/11 TBATBA Seaspan Emerald 25E

X-Press Feeders Sea Consortium

Emirates Emirates Shpg (CIX3 Service)

18/1119/11 TBATBA Zoi 109E Pendulum Exp. Aissa Maritime (CIX3 Service)

Dronagiri-3/—

Dronagiri-2

Blue Water Poseidon Shpg. Shanghai, Ningbo, Qingdao. Speedy CFS

05/1006/10 TBATBA Xin Pu Dong 269E P1314 281425-20/09 KMTC KMTC (India) Port Kelang(W), Hongkong, Qingdao, Kwangyang, Dronagiri-3

14/1016/10 TBATBA KMTC Delhi 2306E P1381 281963-28/09 TS Lines TS Lines (I) Pusan,

VESSELS DUE AT NSFT/NSICT/NSIGT/GTI/BMCT FOR EXPORT LOADING

TO LOAD FOR AUSTRALIA & NEW ZEALAND PORTS from GTI

TO

FOR AUSTRALIA & NEW ZEALAND PORTS from BMCT

TO LOAD FOR EAST, WEST & SOUTH AFRICAN PORTS from NSFT

TO LOAD FOR EAST, WEST & SOUTH AFRICAN PORTS from NSICT

FOR EAST, WEST & SOUTH AFRICAN PORTS from NSIGT

JNPA, DPA & Mundra Port likely to be part of India-Middle East-Europe economic corridor

NEW DELHI: Three Ports on the w e s t c o a s t t h e S t a t e - r u n Jawaharlal Nehru Port Authority (JNPA), Mumbai, and Deendayal Port Authority, Kandla, as well as the Gautam Adani-owned Mundra port — are likely to be part of the IndiaMiddle East-Europe Economic Corridor (IMEEC).

Sources said that the Government has firmed up plans to include the three major ports as part of the transnational rail and shipping corridor spread across two continents, which promises to enhance trade and connectivity across Asia, the Arabian Gulf,andEurope.

According to the Ministry of Ports, Shipping, and Waterways sources, new port development at Vadhavan (off Mumbai), the setting up of a container terminal at Tuna Terka (Kandla), and the expansion of JNPA

will be taken up as part of the master plan to position them as a central hub for international trade, particularly through the IMEEC.

Earlier this month, a MoU for the creation of IMEC was signed between Saudi Arabia, the European Union, India, the UAE, France, Germany, Italy, and the US on the sidelines of the G20 Leaders Summit in New Delhi. These countries are expected to meet in November 2023 to firm up the details.

“Besides, three ports in the UAE, namely Jebel Ali (Dubai), Mina Zayed (Abu Dhabi), and Fujairah, are also expected to be part of the IMEC,” said sources.

Another source said that a decision on the ports in Saudi Arabia has yet to be communicated. The Arab country has more than 10 ports However, the King Abdul

Aziz Port in Dammam and Ras Al Khair could also be considered.

Port master plan Minister for Ports, Shipping, and Waterways Sarbananda Sonowal s a i d , “ We a r e f o r m u l a t i n g a comprehensive port master plan that encompasses proactive measures to r a m p u p c a r g o h a n d l i n g a n d construct world-class infrastructure. Studies will start soon. It will be across Ministries.”

The IMEC will include two separate corridors: the east corridor connecting India to the Arabian Gulf and the northern corridor connecting the Arabian Gulf to Europe.

The rationale is to enhance road, rail, and maritime connectivity in a bid to increase transit of goods and services between India, the UAE, Saudi Arabia, Jordan, Israel, and Europe.

Govt exempts 5% integrated GST on ocean freight imports

NEW DELHI: The Government has exempted payments made for goods imported through ocean freight from 5 per cent integrated GST with effect from October 1.

T h e F i n a n c e M i n i s t r y h a s notified changes to the IGST Act w i t h r e g a r d t o p a y m e n t o f integrated GST on 'ocean freight'

on imported goods with effect from October 1

Currently, importers are required to pay 5 per cent GST under the Reverse Charge Mechanism.

KPMG Indirect Tax Head & Partner Abhishek Jain said the amendments proposed are aligned with the apex court's ruling in the case

of Mohit Minerals and help explicitly mention the government's alignment to the position.

"While this has been issued prospectively, the industry has been seeking and successfully claiming refund of taxes already paid for the past period, where credit has not been availed," Jain added.

UAE, Australia FTAs boost engineering exports, shipments up 9% in April-August period of FY24

NEW DELHI: India’s engineering exports received a much-need boost on account of free trade agreements (FTAs) with UAE and Australia with shipments to both nations surging 9% in April-August period of the financial year 2023-24 even as overall engineering exports slipped during the period under review

Engineering exports to UAE in April-August period of FY24 increased 9% year-on-year to $2.24 billion. In the same period, engineering exports to Australia also jumped 9% year-on-year and stood at $596.14 million as compared to $548.62 in April-August period of FY23.

Overall engineering exports in AprilAugust period of 2023-24 dropped 4.55% to $44.62 billion as against $46.74 billion in April-August period of 2022-23.

Notably, engineering exports to Russia surged 178% year-on-year to $568.41 million in April-August period of FY24.

In the same period last year, engineering exports to Russia were $204.17 million.

Engineering exports to the US, India’s top market, fell 14% year-onyear in the April-August period of the

current financial year.

“Engineering exports to UAE and Australia have been beneficial Our exports to both the two major markets rose 9% in April-August period of FY24. At this point we urge the government to think about more such FTAs not only with our traditional partners but also our non-traditional markets in Latin America and Africa,” EEPC India Chairman Arun Kumar Garodia said in a statement.

This fiscal so far has been tough for the engineering exports as global slowdown has affected some of India’s major partners including the USA and European countries The RussiaUkraine conflict has also been ongoing and China has faced economic slowdown All these factors have s i g n i f i c a n t l y a f f e c t e d I n d i a ’ s engineering export demand.

On cumulative terms, 19 out of 34 engineering panels recorded positive growth during April-August 2023-24 over the same period last fiscal Engineering panels that witnessed growth in exports include copper and products, lead and tin, industrial machinery, pumps, machine tools, aircraft & spacecraft, electrical

machinery and equipment, auto components /parts, medical devices and instruments, other construction machinery, etc Major decline was w i t n e s s e d i n t h e r e s t o f t h e 15 engineering panels.

After eight straight months of yearon-year decline from December 2022 to July 2023, India’s engineering exports was back to growth in August 2023 registering a decent 7.73% growth over August 2022 owing mainly to a lower statistical base.

Engineering exports in August 2023 was recorded at $9.05 billion as against $8.40 billion in August 2022.

‘Electric machinery’, and ‘Copper and copper products’ managed good export growth in August 2023 while exports of ‘Aluminium and aluminium products’ declined noticeably

Excluding the export of iron and steel, engineering exports recorded 8% year-on-year growth in August 2023 On a cumulative basis however, engineering exports excluding Iron and Steel was down by a much lower 1.50% against 4.55% overall. This shows that Iron and Steel still plays a spoilsport in the downfall of engineering exports on a cumulative basis.

PM Gatishakti : Network Planning Group assesses 112 total projects of total value of more than Rs 11 Lakh Crore till date

NEW DELHI: In the 56th Network Planning Group meeting under PM GatiShakti six project proposals, including four projects of Ministry of Road Transport and Highways (MoRTH) and two projects of Ministry of Railways (MoR) with the total project cost of about Rs. 52,000 Crore were assessed The 56th NPG meeting was held yesterday under the chairpersonship of Special Secretary, Logistics, Department for Promotion of Industry and Internal Trade (DPIIT), Smt. Sumita Dawra at Yashobhoomi Convention Center in New Delhi. This takes the total number of projects assessed by NPG

to 112 with a total value of about Rs 11.53 Lakh Crore, since the launch of PM GatiShakti approach.

MoRTH presented four road projects worth about Rs. 45000 Crore to NPG and demonstrated adherence to GatiShakti principles The first project proposal is a Greenfield Road located in the State of Gujarat and Maharashtra, that will benefit not only industrial belts in Navsari, Nashik, Ahmednagar districts but also the agriculture sector in the region. Additionally, the project is expected to contribute to overall socio-economic development of tribal districts like Navsari, Valsad and

Nashik by providing easy and convenient connectivity It will also benefit the tourism sector in the r e g i o n a n d w i l l a l s o c o n n e c t aspirational districts, such as Osmanabad.

The second Greenfield Road project is also located in the state of Gujarat, through Banaskantha, Patan, M a h e s a n a , G a n d h i n a g a r a n d Ahmedabad District It will connect Amritsar- Jamnagar economic corridor with Ahmedabad and Vadodara and will integrate with other modes of transportation, thereby contributing to the promotion and usageofmulti-modalityinthe region.

CBIC canvasses support for India’s candidature for TIR Executive Board (TIRExB)

NEW DELHI: The Central Board of Indirect Taxes and Customs, Ministry of Finance, in association with the Ministry of External Affairs organised an event in New Delhi yesterday for ambassadors and delegates from Contracting Parties to the Convention on International Transport of Goods Under Cover of TIR Carnets (TIR Convention, 1975) to c a n v a s s s u p p o r t f o r I n d i a ’ s candidature for TIR Executive Board (TIRExB), elections for which are scheduled to be held during the 81st session of the TIR Administrative Committee on 11.10.2023, at Palais des Nations,Geneva.

India’s candidate for the upcoming TIRExB elections, Mr Vimal Kumar Srivastava, Principal Commissioner &

Head of Inter national Customs Relations, CBIC, was introduced to foreign delegations present at the reception. It was conveyed that India seeks to integrate with the international transport networks under the aegis of the Convention and recognises that cross-border connectivity has a key role in regional integration, economic growth, and geopolitical stability It was further stated that with the election of India’s expert in the TIR Executive Board, India intends to contribute significantly to the global integration of multi-modal transport system through i m p l e m e n t a t i o n o f t h e r e l a t e d procedures and methods, especially the full digitisation of TIR It was also highlighted that India intends to expand

the geographical coverage of the Convention and leverage it for redefining the transit arrangements in the South Asia region.

The event was graced with the presence of Revenue Secretary, Shri Sanjay Malhotra; Secretary (West), Ministry of External Affairs, Shri Sanjay Ve r m a ; S p e c i a l S e c r e t a r y a n d Chairman CBIC, Shri Sanjay Kumar Agarwal; and Special Secretary and Member Customs, CBIC, Shri Surjit Bhujabal, amongst others.

T h e r e c e p t i o n c o n c l u d e d successfully, with many dignitaries expressing their support to India’s candidature for the TIR Executive Board elections to be held on 11.10.2023 in Geneva.

RBI in dialogue with other Central Banks to reduce cost of cross border remittances

MUMBAI: The Reserve Bank of India has initiated dialogues with countries having sizable Indian diaspora to bring down cost of remittances, Deputy Governor T Rabi Sankar said.

According to the World Bank, the average cost of cross border remittance is about 6 2% of the value of a transaction. “Such a high cost in today’s context, when data connectivity is so cheap, is simply unconscionable,” Rabi Sankar said, delivering his keynote

address at a Bengal Chamber of Commerce & Industry event.

“I believe with the available t e c h n o l o g y, t h i s s y s t e m i s n o t sustainable.” “We have followed up on this inJulybysigning an MoU with the central bank of UAE, cooperation regarding inter-linking on mutual payment and messagingsystem,’hesaid

India signed an agreement with Singapore in February this year to link their respective payment systems using the Unified Payments Interface (UPI)

allowing the users of both the countries to make cross-border transactions using mobileappsinacosteffectiveway

The Deputy Governor said that the s p r e a d o f d i g i t a l p a y m e n t infrastructure has become one of the critical drivers of economic growth Speaking about India’s growth story post COVID at the event, India’s Chief Economic Advisor, V Anantha Nageswaran said that the response and recovery phase is over and now it is all about consolidation.

m.v “EVER EXCEL” V- 169E IGM No. 2356139 Dtd. 29.09.2023

The above vessel has arrived at NHAVA SHEVA, (NSIGT) on 02-10-2023 with import cargoes from ports KAOHSIUNG, KWANGYANG, PORT KLANG WESTPORT, QINGDAO, XIAMEN, XINGANG, YOKOHAMA. also transshipment cargo of following Ex. Mother vessels:

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.

Our Surveyors are M/s. Pinnacle Marine Surveyors Pvt Ltd. Usual Survey conditions shall apply

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.

Note : For IGM & ITEM nos. Vessel arrival inquiry, destination charges tariff please visit our site : www.ekmtc.com For KOREA MARINE TRANSPORT CO. LTD.

As Agents :

M/S. KMTC (INDIA) PVT LTD

One International Center, Tower 3, 22nd Floor, 2202, Senapati Bapat Marg, Prabhadevi (West), Mumbai - 400 013, Maharashtra, India. E-mail : mumid@ekmtc.com

NOTICE TO CONSIGNEES

The above vessel has arrived at NHAVA SHEVA (GTI) on 02-10-2023 with import cargoes from ports AKITA, BUSAN NEW PORT, HOCHIMINH, HONG KONG, LAEM CHABANG, PORT KLANG WESTPORT, ULSAN also transshipment cargo of following Ex. Mother vessels:

and Bills of lading Nos. are as mentioned below :

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.

Our Surveyors are M/s. Pinnacle Marine Surveyors Pvt Ltd. Usual Survey conditions shall apply

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.

Note : For IGM & ITEM nos. Vessel arrival inquiry, destination charges tariff please visit our site : www.ekmtc.com For KOREA MARINE TRANSPORT CO. LTD.

As Agents :

Government waives export taxes on Bangalore rose onions

Bangalore rose onion from duty with immediate effect, subject to certain conditions, as per a notification issued on Friday

If the exporter provides a c e r t i f i c a t e f r o m t h e s t a t e h o r t i c u l t u r e c o m m i s s i o n e r certifying the item and quantity of B a n g a l o r e R o s e O n i o n t o b e exported, the exemption from

export duty on Bangalore Rose Onion may be granted

A 40 per cent duty on export of all varieties of onions was imposed by the government in August. The move was t a k e n t o i n c r e a s e d o m e s t i c availability and check price rise in local market. As on date, the average price of onions in the country stood at Rs 33.53, data from Consumer Affairs Department showed.

Beating past records, the Centre

has procured 2.50 lakh tons of onion for the buffer in 2022-23 However, despite the ample stock of onions in the country, a high proportion of bad quality onions due to a prolonged period of excessive summer heat this year has made good quality onions expensive.

At the same time onion exports jumped 64 per cent in volumes to hit a six year high at 25 25 lakh tonnes during 2022-23.

India making new export records, economy will grow 10 times by 2047: Piyush Goyal

NEW DELHI: Union Minister

Piyush Goyal recently expressed confidence that by 2047 the country’s economy will increase tenfold

“I am confident that the country’s economy will increase tenfold by 2047. India will be free from poverty, will emerge as a big power in the world, and the youth will have a

good education, Piyush Goyal said.

He further said that every class is on the path of progress today. India made new records in terms of exports. Earlier Prime Minister Narendra Modi emphasized making the country a developed nation by 2047.

PM Modi said that the model of a

developed country does not mean that grandeur should be seen in Delhi, Mumbai, or Chennai and that the country’s villages should be left behind.

“We want to take charge of the destiny of 140 crore people and bring about a change in their lives,” the Prime Minister said.

India poised to grow at average 6.5 % per annum over 2023-30: CEA

N E W D E L H I : T h e I n d i a n economy is poised to grow at an average of 6 5 per cent annually between 2023 and 2030, Chief Economic Advisor V Anantha Nageswaran said on Friday

Speaking at the BCC&I IndoPa c i f i c E c o n o m i c C o n c l a v e , Nageswaran said the global economy is going to witness a period of uncertainty, and India has to plug into the global supply chain and make itself attractive for the Chinaplus one strategy

“We have had 9.1 per cent growth in FY22 and 7.2 per cent in FY23. We

are poised to grow 6.5 per cent per annum on average for this year and the remainder of the decade. Why I am talking about 6.5 per cent and not 7.5-8 per cent? It is because we are not experiencing the kind of global growth that we experienced between 2003 and 2008,” the CEA said.

India has made progress in the last eight years as it has now become the fifth largest economy from the 10th rank globally in 2014, and within the end of this decade, it will become the third largest economy in the world, he asserted.

“Global economy is going to go

through a period of uncertainty Geop o l i t i c a l f r a g m e n t a t i o n , g e oeconomic inefficiencies, and reversal of globalisation, and all these factors are currently underway

“Whereas between 2003 and 2008, globalisation was in its heyday. Interest rates were low or were being lowered globally..now interest rates either are rising or going to remain at a high level. We are realistic about our growth prospect, which is still going to be one of the world’s highest growth rates at 6.5 per cent in real terms and 11 per cent in nominal terms,” the economist said.

Adani Gangavaram Port inducts two advanced locomotives at the Port

VISAKHAPATNAM:

A d a n i G a n g a v a r a m

Port, the deepest and the most modern port in the country today, announced the i n d u c t i o n o f t w o a d v a n c e d locomotives WDG3A as part of the ongoing efforts to enhance capacity and productivity at the port The addition of these locomotives represents a significant stride in improving the rail infrastructure within the port, aligning perfectly with the port’s commitment to provide top-tier logistics services.

Adani Gangavaram Port is investing significantly in expanding and enhancing the internal rail network These state-of-the-art locomotives will play a pivotal role in s t r e a m l i n i n g c a r g o h a n d l i n g processes and advancing the development of a warehouse facility, complete with integrated rail

capabilities, which will become operational in the coming months.

According to Adani Gangavaram Port Limited management “We are extremely delighted on the induction

of our new locomotives. This exemplifies our c o m m i t m e n t t o enhancing efficiency and better serving our c u s t o m e r s . T h e s e enhancements will elevate our operational s t a n d a r d s a n d c o n t r i b u t e t o o u r mission of exceeding customer expectations.

W e a t A d a n i Gangavaram Port offer substantial economic b e n e f i t s t o I n d i a n importers combined with highly efficient port operations and evacuation system with faster turnaround time & delivery We are happy to see the trade derive benefits o f m o d e r n d e e p - w a t e r infrastructure.”

India and Bangladesh calls for enhancing trade ties

15th Meeting of the Joint Working Group on Trade between India and Bangladesh

DHAKA: The 15th Meeting of the Joint Working Group on Trade (JWG) between India and Bangladesh was held on 26th and 27th September, 2023 in Dhaka, Bangladesh. The meeting was co-chaired by Joint Secretary, Department of Commerce, Ministry of Commerce and Industry, Government of India, Shri Vipul Bansal and Additional Secretary, Ministry of Commerce, Government of the People’s Republic of Bangladesh, Mr.NoorMd.MahbubulHaq.

T h e 1 5 t h M e e t i n g o f J W G discussed a host of bilateral issues

such as removal of port restrictions, ground work on commencement of C o m p r e h e n s i v e E c o n o m i c Partnership Agreement (CEPA), harmonization of standards, mutual recognition of standards, supply of e s s e n t i a l c o m m o d i t i e s t o Bangladesh, development of road and r a i l i n f r a s t r u c t u r e , r e g i o n a l connectivity through multi-modal t r a n s p o r t a t i o n a n d c r e a t i o n / strengthening of infrastructure in Land Customs Stations/ Integrated Check Posts, border haats, etc. S

measures have been undertaken by both India and Bangladesh for facilitating trade between the countries. India has allowed exports from Bangladesh to India by rail in closed containers, with customs clearance facility at any Inland Container Depot (ICD) vide circular dated 17th May 2022. Bangladesh i n f o r m e d a b o u t s u c c e s s f u l commencement of Agreement on the use of Chattogram and Mongla Port (ACMP) and increasing the number of goods to be traded through various Land Custom Stations (LCSs).

India focuses on Trade, Digitalisation, cross border payment & resilient supply chain at SCO Trade Ministers’ meet

NEW DELHI: The 22nd Meeting of Ministers of the Shanghai Cooperation Organization (SCO) member states responsible for foreign economic and foreign trade activities (Trade Ministers) was held under the chairmanship of the Kyrgyz Republic on September 27, 2023 in Bishkek, Kyrgyztan From the Indian side, Ms. Anupriya Patel, Union Minister of State for Commerce & Industry, Government of India participated virtually The SCO Ministers shared their perspectives on the subject ‘The prospects and measures to deepen trade and economic cooperation amongSCOMemberStates’

U n i o n M i n i s t e r o f S t a t e highlighted the various initiatives undertaken by India including providing support to domestic industries to boost manufacturing in sectors like Pharmaceuticals, Electronics, Medical Devices, ACs, LED, Solar PV Modules, Advanced Chemistry Cell Battery, Automobiles

and Auto Components She also w e l c o m e d i n v e s t m e n t s i n infrastructure development, industry and services sector.

Ms. Anupriya Patel congratulated t h e Ky r g y z R e p u b l i c f o r i t s Presidency and welcomed Iran as a new Member state. She stressed about harnessing the opportunities available to the region for mutually beneficial, balanced and equitable growth and emphasized that with the SCO region accounting for 40% of the global population and 30% of the world's economy, there is significant potential for increasing trade within the SCO region.

W h i l e m e n t i o n i n g I n d i a ’ s successful completion of its term as the Chair of the head of States of SCO in July, 2023 wherein it created fivenew pillars and focus areas of cooperation namely, Startups and Innovation, Traditional Medicine, D i g i t a l I n c l u s i o n , Y o u t h Empowerment and Shared Buddhist

Heritage which shows that India strives for ‘multi-dimensional cooperation’ Ms Patel also stated that Varanasi being named as the ‘Cultural and Tourism’ capital of SCO for 2022-23, India looks forward to forging closer ties and boost cooperation with the Member States.

She addressed several key issues, including safeguarding of the core p r i n c i p l e s a n d g o a l s o f t h e Multilateral Trading System, as well as the vital areas of environmental preservation, environmental security, mitigation of the negative impacts of climate change, and the conservation of biodiversity She also cautioned that the climate agenda at the world forum should not be used to introduce measures restricting trade and investment cooperation She also stressed upon the importance of digitalization to minimize the gap of digital divide and further underscored India’s digital which is being hailed across the globe.

India retains 40th rank in the Global Innovation Index 2023

NITI Aayog to host India's Launch of the Global Innovaon Index 2023

NEW DELHI: India retains 40th rank out of 132 economies in the Global Innovation Index 2023 rankings published by the World Intellectual Property Organization. India has been on a rising trajectory, over the past several years in the Global Innovation Index (GII), from a rank of 81 in 2015 to 40 in 2023. Innovation has been at the forefront of our battle against the unprecedented crisis created by the pandemic and will be pivotal in driving the country’s resilience, as enshrined in the Prime Minister’s clarion call on Atma Nirbhar Bharat.

The consistent improvement in the GII ranking is owing to the

immense knowledge capital, the vibrant start-up ecosystem, and the amazing work done by the public and private research organizations All Departments of the Government, including Scientific Departments such as the Department of Science and Technology; the Department of Biotechnology; the Department of Space; and the Department of A t o m i c E n e r g y a n d a l s o departments such as Ministry of Electronics and IT, Department of Telecommunications, Department of Agricultural Research & Education and the Department of Health Research have played a pivotal role in enriching the National Innovation

Ecosystem Most importantly, the Atal Innovation Mission has played a m a j o r r o l e i n e x p a n d i n g t h e Innovation ecosystem

NITI Aayog has been working tirelessly to ensure the optimization of the national efforts for bringing policy-led innovation in different areas such as electric vehicles, biotechnology, nanotechnology, space, alternative energy sources, etc It has also played a role in expanding the innovation eco-system in states and districts A constant thrust in monitoring and evaluating India’s position in the global rankings has been provided by the NITI Aayog, including in the GII.

SHIPPING MOVEMENTS AT DEENDAYAL PORT

VESSELS IN PORT & DUE FOR EXPORT LOADING

VESSELS IN PORT & DUE FOR IMPORT DISCHARGE

GENERAL CARGO VESSELS

LIQUID CARGO VESSELS

KANDLA INTERNATIONAL CONTAINER TERMINAL (KICT)

SHIPPING MOVEMENTS AT ADANI PORT

ADANI PORTS & SEZ LTD. (APSEZ) MUNDRA

SHIPS SAILED WITH EXPORT CARGO

VESSELS DUE IN PORT FOR IMPORT DISCHARGE & EXPORT

ADANI MUNDRA CONTAINER TERMINAL (AMCT)

CONTAINER VESSELS DUE / IN PORT FOR IMPORT DISCHARGE

(AICT)

CONTAINER VESSELS DUE / IN PORT FOR IMPORT DISCHARGE

ADANI CMA MUNDRA CONTAINER TERMINAL PVT LTD (ACMTPL), MUNDRA

ADANI MUNDRA CONTAINER TERMINAL (AMCT)

ADANI INTERNATIONAL CONTAINER TERMINAL PVT LTD. (AICT)

SHIPPING MOVEMENTS AT GUJARAT PORTS PORT PIPAVAV

SHIPPING MOVEMENTS AT ADANI HAZIRA PORT

OTHER PORTS OF GUJARAT

JAMNAGAR (BEDI) PORT

(As on 27-09-2023)

(As on 26-09-2023)

IMPORTER'S GUIDE

VESSELS DUE / IN PORT FOR IMPORT DISCHARGE

NSICT

02-10-2023 Salalah

Grace Bridge (V-E2306) 27-09-2023 MICT

MSC Agrigento (V-IU338A) 28-09-2023 AICT

MSC Vandya (V-IS339A) 29-09-2023 AICT

MSC Judith (V-IE338A) 30-09-2023 Hazira

Colombo Express (V-3339W) 01-10-2023 ACMTPL

APL Le Havre (V-0INFBW1) 02-10-2023 ACMTPL

Hunsa Bhum (V-2337W) 26-09-2023 Jebel Ali

Argolikos (V-E154) 28-09-2023 Port Kelang

Celsius Naples (V-897E) 29-09-2023 AMCT

Wan Hai 515 (V-E085) 29-09-2023 Tuticorin

BSG Bimini (V-339E) 30-09-2023 Pipavav

Abrao Cochin (V-004W) 01-10-2023 Sohar

X-Press Bardsey (V-23008E) 02-10-2023 Colombo

Interasia Progress (V-E077) 27-09-2023 Tuticorin

MSC Ludovica (V-JU338R) 28-09-2023 Sohar

Zhong Gu Chang Chun (V-2331E) 28-09-2023 AICT

Wan Hai 332 (V-E002) 28-09-2023 MICT

Zoi (V-108E) 29-09-2023 AMCT

Cap San Juan (V-338W) 29-09-2023 Salalah

Hyundai Tokyo (V-0148W) 30-09-2023 AICT

Sanjay Swarup takes over as new CMD of Concor

NEW DELHI: Container Corporation of India (CONCOR) said it has appointed Mr. Sanjay Swarup on as the Chairman and Managing Director.

This announcement follows the recent Annual General Meeting (AGM) held on September 26, 2023.

An Indian Railway Traffic Service (IRTS) officer of 1990, Swarup holds a BE (Hons) in Electronics and Communication Engineering from IIT Roorkee and a PGDM in Public Policy and Management from IIM Bangalore. With a career spanning over three decades, Swarup has held leadership roles in various Central Public Sector Enterprises (CPSEs) and government organisations.

“Swarup’s extensive training at institutions like Maxwell School of Syracuse University (USA) and

Antwerp Port (Belgium), along with his active participation in leading national and international conferences, showcases his dedication to advancing the logistics and supply chain management fields,” the company said in a statement.

Commenting on his appointment, Mr. Swarup said, “I feel humbled and honored to assume this charge at a critical time when India is undergoing rapid transformation, including momentous developments in the logistics sector.”

WINWIN GROUP : Celebrating 9 Years of Excellence, Embarking on a Decade of Shipping Success

Cont’d. from Pg. 3

A Journey of Resilience

In 2014, we embarked on this voyage with a vision to redefine the shipping & logistics industry by providing u n m a t c h e d s e r v i c e s , f o s t e r i n g i n n o v a t i o n , and maintaining an unwavering commitment to our customers and partners Over the years, our commitment to these values has not been wavered; instead, it has grown stronger day by day

Our commitment to reliability, efficiency, and customer satisfaction has been unmatched Today, we proudly stand as one of the leading shipping companies in this arena.

Our journey has been marked by resilience in the face of adversity From global economic downturns to unforeseen challenges like the COVID-19 pandemic, we have weathered the storms, adapting and evolving to meet the changing needs of our clients while upholding the best standards of service and quality in the industry.

Achieving Milestones Together

The past nine years have witnessed numerous milestones and achievements that we are incredibly proud of. We've expanded our services, increased our global reach, and invested in cutting-edge technology to enhance our services Our company's remarkable success is attributed to our exceptionally smart and efficient staff Their dedication, expertise, and commitment to excellence have been the key instruments in propelling us to new heights Their ability to adapt swiftly to challenges, make informed decisions, and collaborate seamlessly as a team has not only boosted productivity but also fostered a culture of innovation With such a talented workforce of 160+ Individuals worldwide, driving our company, we continue to thrive and set new standards for performance in this industry

We have established a strong presence with a network of 14 locations across India, demonstrating our commitment to serving our domestic customers effectively. Having our own ofces in U.A.E, Malaysia and Singapore, along with agencies spread across Indian Sub-Continent, South East Asia, Far East, Middle East, Red Sea & Africa regions solidifying our global footprint and enabling us to provide international clientele with our top-notch services This strategic combination of local expertise and international reach

positions us as a dynamic and versatile player globally as a tr usted partner in the shipping industr y, offering seamless cargo transportation, timely deliveries, and excellent customer support.

We've built long lasting relationships with our clients and partners, and these connections have been the cornerstone of our success. Their trust and support have been the driving force in our journey so far, and we are committed to continuing to exceed your expectations. Charting a Course for the Future

As we set sail into our tenth year, we eagerly anticipate the fore coming challenges and opportunities that the next decade will bring. We are committed to conserve our position as a major player in the industry, while continually improving our services and expanding our global presence and network and offer our clients even more diverse and accessible shipping solutions. As a part of our ongoing growth strategy, we are excited to announce our future plans for expansion into The Mediterranean Region, Europe and Australia in the near future.

Our goal is not just to navigate the waters of the industry but to lead and inspire positive change in the society Winwin, as a group and together with Winwin Foundation has contributed to CSR towards Preventive and Public Healthcare Initiatives with donating Ambulance and ventilators to the hospitals. With prime focus being education, we ensure that these children never fall short of materials to study, providing them basic school supplies for the whole academic year and tuition fees to the needy school going children.

We continue to soar to new heights with each passing year Through dedication, innovation, and a steadfast commitment to excellence, we have consistently outperformed our own benchmarks year by year and continue to set and surpass ambitious goals. Our passionate team is the driving force behind this continued success and innovation. With a customercentric approach, and a relentless pursuit of excellence, we are exalted to reach even greater heights in the future, solidifying our position in this industry.

Thanking one and all for being a part of our journey Together, we'll continue to set sail towards new horizons and achieve even greater success Win hearts, Win the World.

Mr.SanjaySwarup

PSA celebrates a Trio of Wins at the 2023 Asian Freight, Logistics & Supply Chain Awards

SINGAPORE: PSA received three accolades at the 2023 Asian Freight, Logistics & Supply C h a i n ( A F L A S ) A w a r d s .

PSA International (PSA) was named the “Best Global Container Terminal Operator”, for the fifth time since the inception of this award PSA Singapore received for the first time, the “Best Green Container Terminal” award.

In addition, PSA Antwerp in Belgium won “Best Container Terminal – Europe”, marking the fifth time PSA Antwerp has bagged the award. Regional CEO Southeast Asia Ong Kim Pong received the awards on behalf of PSA

PSA International Group CEO Tan Chong Meng said, “Winning the awards is a strong testimony of PSA’s unwavering commitment to service excellence and reaffirms our ongoing efforts in investing in and operating world-class terminal facilities. I would like to express my utmost appreciation to our customers, partners and stakeholders for their continued trust and support, without which, we would not have been able to come so far. Our staff, unions and management also deserve great commendation as they have worked tirelessly alongside as a team to navigate the changes in

the maritime industry We will continue to explore collaborative partnerships to enable more agile, resilient and sustainable supply chains and trade across the world.”

The gala dinner awards ceremony was held at the JW Marriott Hotel Singapore South Beach on 28 September Organised by maritime trade publication Asia Cargo News, the AFLAS awards recognise leading service providers for their excellent performance and achievements in the logistics and supply chain industry Winning organisations are voted in by service users, which serves as a true reflection of user opinion.