Govt eases licence fees for India-controlled ships

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SME Times News Bureau | 24 May, 2016
In order to promote "Ease of doing Business" in maritime sector, the Indian Controlled ships will now be required to pay only one time processing fee for the issuance of licence.

"Vessels of Indian Controlled Tonnage, will now be required to pay only one time processing fee of Rs.20,000 towards issue of licence," informed the Ministry of Shipping in a press release on Monday.

Till now they were being charged Rs. 20,000 on a monthly basis by the Directorate General of Shipping as processing fee for issue of licence under section 406 of Merchant Shipping Act, 1958.

This initiative will boost the Indian Controlled Tonnage Scheme and be a step towards promoting "Ease of doing Business" in the maritime sector.

Further, to bring in transparency in ocean-freight charged by different service providers, Container Shipping Line Association (India), an association of foreign container shipping lines operating in India, have informed that all their 31 member-lines have implemented e-Payment mode by way of RTGS/NEFT for collection of all type of ocean freight charges, it said.