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TAX EXEMPTION FOR SEAFARERS
Budget 2025: Tax breaks said to be among incentives for shipping sectorBudget 2025: The Indian government is considering incentives for the domestic shipping sector, such as tax breaks, support for vessel manuf...- 5 years of GST: For shipping and logistics, some key matters addressed, but still not smooth sailingUnder GST, the registrations got decentralised at the state level as against the earlier centralized service tax registration – thus increa...
- Maritime body MUI seeks government intervention to enable seafarers qualify for NRI status"MUI has sought an urgent intervention of the Shipping Ministry of India to enable Indian seafarers qualify for the Non-Resident Indian or ...
- SIMA hails the cabbotage rule relaxation for cotton transportThough India is the largest cotton producing country and net exporter of cotton in the world, the domestic cotton textile industry could no...
- Seafarers get tax exemption from Ministry of FinanceThe government has accepted the long-pending demand of India’s leading merchant navy Unions, the MUI and the National Union of Seafarers of...
- Indian ports capacity rises to 1.16 bn tonne, says govtGovernment said it is making concerted efforts to raise the capacity of Indian ports to 3.2 billion tonnes in the next ten years to make th...
- Shipping industry needs stimulusAmid inflationary pressures and uncertain global economic environment, Union finance minister has a plenty of issues to take into notice.
- Coastal operators' body shift gears to be with timesCoastal operators’ body, Indian Coastal Conference (ICC) is all set and stand rechristened to play an active role in Indian coastal waters.
- Companies want layers of tax washed awayIndian shipping companies have complained that a multiplicity of taxes is burdening them and negating the benefit of the tonnage tax regime...
- Shipping industry in the midst of rough wavesOn February 14, 2007, Vivek Singh Bist, a 25-year-old officer with Shipping Corporation of India (SCI), had jumped off the ship ‘Desh Shant...
- NYK scouting for Indian marinersJapanese shipping major NYK is scouting for Indian seafarers to man their vessels. I
- Shipping industry to get a leg-up from tax sopsThe domestic shipping industry may soon have a competitive edge in the global market.
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