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  1. Indian-controlled vessels to pay one-time processing fee

Indian-controlled vessels to pay one-time processing fee

To promote ease of doing business in the maritime sector, Indian-controlled vessels will now be required to pay just one-time processing fee of Rs 20,000 for the issuance of licence, the government said today.

By: | New Delhi | Published: May 23, 2016 10:00 PM
"Vessels of Indian Controlled Tonnage, will now be required to pay only one-time processing fee of Rs 20,000 towards issue of licence," the Ministry of Shipping said in a statement. (Representative Image) “Vessels of Indian Controlled Tonnage, will now be required to pay only one-time processing fee of Rs 20,000 towards issue of licence,” the Ministry of Shipping said in a statement. (Representative Image)

To promote ease of doing business in the maritime sector, Indian-controlled vessels will now be required to pay just one-time processing fee of Rs 20,000 for the issuance of licence, the government said today.

“Vessels of Indian Controlled Tonnage, will now be required to pay only one-time processing fee of Rs 20,000 towards issue of licence,” the Ministry of Shipping said in a statement.

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,” the statement said.

It added that 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.

The Indian-controlled tonnage scheme frees local fleet owners from having to mandatorily register their ships in India required by the Merchant Shipping Act of 1958. As a result, ship owners can register their ships either in India or abroad. Ships registered overseas also come under the category of Indian-controlled tonnage.

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