Charges paid by private port operators to port trusts likely to be treated as deemed exports

Vishaka Zadoo in New Delhi

The government is planning to treat charges paid by private port operators to port trusts as deemed exports under the Export Promotion Capital Good Scheme .

"This will enable private operators of container or berth terminals to claim duty concession on import of equipment under the duty drawback scheme," said a shipping ministry source. He said the provision was necessary because such a concession could be availed of only against an export obligation. ......
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