Port sector reforms witness traction with passage of Major Port Bill 2020 : ICRA .. See Pg. 2
YEARS
Vol. LX No. 180 th FRIDAY 9 OCTOBER 2020
India may first ink a preferential trade agreement with EU: Piyush Goyal .. See Pg. 2
Economy showing convincing return to growth: ASSOCHAM Assessment .. See Pg. 11 on State of Economy
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SCI launched Diamond Jubilee Year celebrations on its Foundation Day MUMBAI: Shipping Corporation of India (SCI) launched its Diamond Jubilee Year celebrations on i t s Fo u n d a t i o n D a y o n 2 n d O c t o b e r, 2 0 2 0 . Honourable Minister of State for Shipping (Independent Charge) and Chemical & Fertilizers, Shri. Mansukh L Mandaviya and Secretary, Ministry of Shipping, Dr Sanjeev Ranjan graced the event through video conferencing. The event was attended online by Ministry officials, Directorate General of Shipping and officials, members of the press, retired employees. The phygital event showcased a blend of live and recorded cultural programs and an award distribution ceremony. The prizes were presented digitally by Hon'ble Minister and Secretary(Shipping). Cont’d. Back Pg.
Mrs. H K. Joshi, CMD, SCI
MANSA deliberates issues on SCMTR implementation MUMBAI: Maritime Association of Nationwide Shipping Agencies (MANSA) has identified issues pertaining to the implementation of Sea Cargo Manifest and Transhipment Regulations (SCMTR) in its recent virtual meeting with its members. “A detailed submission has been made to CBIC (Central Board of Indirect-Taxes and Customs) and other authorities to facilitate in finding solutions for registration and updating the processes suitably, so that SCMTR can be smoothly implemented and become functional instantly,” said Hiren Ved, President, MANSA. SCMTR norms makes it mandatory for shipping lines,
importers, exporters and other custodians of cargo to comply with the regulations by, strictly adhering to the defined timeline for submission of cargo details that will arrive at and depart from any Indian ports. The virtual meeting was an attempt to ascertain the preparedness of the members including mandatory registration process and it was observed that there were several gray areas to be addressed before the stakeholders could adopt the new regulations. On their part, CBIC has been accommodative in extending the date for implementation of SCMTR in a phased manner commencing from November 1, 2020 till April 1, 2021 as a final stage and giving relief to the ship agents fraternity. Cont’d. Back Pg.
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