Global Tax Guru: Transportation of bulk or break-bulk cargo - eligible for an incentive @ Re. 1 per tonne per nautical mile

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Monday, March 30, 2015

Transportation of bulk or break-bulk cargo - eligible for an incentive @ Re. 1 per tonne per nautical mile

Transportation of bulk or break-bulk cargo pertaining to seven commodities viz.

1)Fertilizers
2)food grains,
3)marbles,
4) tiles,
5)sugar,
6)edible salt and
7)over-dimensional cargo,

shall be eligible for an incentives available under SIMSC, @ Re. 1 per tonne per nautical mile upto a maximum of 1,500 nautical miles in each trip starting from origin and ending at the destination.( Source:Ministry of Shipping (MoS))

Global Tax Guru

I did my graduation from IIT Delhi ,Post Graduate Diploma in Supply Chain and Logistics from LIBA Chennai and LLB from CCSU,Meerut.Worked five years in the BHEL then fifteen years in the Customs department.Currently practicing as Indirect Tax Consultant.