The Hindu Business Line : Monday, October 21, 2002

Vallarpadam: Centre to intervene
THE Centre has offered to look sympathetically into the issue of grant of necessary clearances for the Vallarpadam transshipment project which has been embroiled in a war of attrition between the Cochin Port Trust and the Navy. An indication to ... More

SHIPPING

Tilbury Container Services completes Epic deal
BELIEVE IT, a courtesy visit by a UK Government-sponsored trade mission to the regional office of the Europe Pakistan India Consortium (Epic) in Mumbai in December 2000 set in motion forces ultimately leading to the transfer of Epic vessels ... More

Good global response — Cochin container terminal re-bid by March
The Cochin international container terminal project, when completed, is expected to be vital to the maritime trade as it will open up a new gateway to a vast hinterland. Because of its geo-strategic locational advantage, Kochi has the potential to e merge as a regional hub in the Indian Ocean region. More

Pitching for tonnage tax
Foreign lines will find tonnage tax attractive for establishing base in India. The Rakesh Mohan Committee on tonnage tax, which submitted its report last year, had recommended that tonnage tax should be introduced with effect from 2002-03. However, without political patronage, it would not be easy for shipowners to convince the Finance Ministry of the advantages of tonnage tax. More

TAXATION

Drawback eligibility on SAD clarified
THE Ministry of Finance, Department of Revenue, after a thorough re-examination, has now clarified that for the time being, Drawback (DBK) on the element of SAD (Special Additional Duty) should continue to be granted. The Chairman of Central ... More

Ships in Ports

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