being given a fillip
Given its many advantages, including
cost and limited impact on the environment, the Union government is keen to
reinvigorate the coastal shipping sector which has never really picked up over
Now, it has come out with a number
of initiatives to facilitate the development of coastal shipping. Key among them
are asking Major Ports to consider introducing green channel for coastal cargo
and priority berthing for coastal vessels, exempting Customs and Central Excise
duty on bunker fuels used by coastal vessels carrying ex-im cargo or empty
containers or domestic cargo between two ports in India, and bringing abatement
of service tax at 70 per cent for coastal shipping at par with road and rail.
Besides, financial assistance up to
75 per cent is available for construction of exclusive berths for coastal
vessels, and relaxation of cabotage has been done for roll-on roll-off, hybrid
roll-on roll-off, RoRo-cum-passenger vessels, etc., highlighted a release.
Exim News Service - New Delhi, Jan. 10