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LOGISTICS
SHIPPING
Advantage tonnage tax — Corporates may set shipping divisions adrift
Under the tonnage tax scheme, shipping companies are taxed on the basis of their tonnage and not on the incomes earned by them. The tonnage tax will help Indian shipping companies compete on a global platform where close to 90 per cent of the tonnage operate on a very low level of tax in the range of 1-2 per cent.
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Bunkering to fuel growth for oil firms
For bunkering activities to pick up, the Government should reduce the tax and duty burden on bunkers.
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INTERVIEW
`Convincing trade of rail's reliability, cost-effectiveness was tough' -- Mr Manoj Singh, CEO, Himalayan Terminals Pvt Ltd., Birgunj, Nepal
THE Birgunj-based Himalayan Terminals Pvt Ltd. (HTPL), a container terminal management company, was set up in July 2004 as a joint venture among three companies — Container Corporation of India, which is a subsidiary of the Indian ...
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Ships in Ports
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