Global Tax Guru: Transportation of bulk

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Showing posts with label Transportation of bulk. Show all posts

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))