亚博体育官网首页

Govt to increase Customs Duty on shipping products
PORTS & SHIPPING

Govt to increase Customs Duty on shipping products

To lend impetus to Atmanirbharbharat in the maritime sector, the finance ministry may raise basic customs duty (BCD) on fishing vessels, tugs and pusher crafts and light vessels from 5 to 50 per cent....

To lend impetus to Atmanirbharbharat in the maritime sector, the finance ministry may raise basic customs duty (BCD) on fishing vessels, tugs and pusher crafts and light vessels from 5 to 50 per cent. The shipping ministry proposal is being analysed and an announcement will soon be made. It has proposed an increase in the rates on fishing vessels, tugs and pusher crafts and light vessels to 50 per cent for the next 10 years and will then increase it to 100 per cent from the year 10-25, in line with recommendations of the Maritime India Vision 2030 (MIV 2030) launched by the PM in 2021 wherein detailed deliberations were conducted with the Shipping Ministry and various central line ministries, maritime experts, shipbuilding associations and think-tanks etc.

Next Story
Products

unWOOD transforms plastic waste into durable wood alternative

unWOOD, a breakthrough innovation, is converting hard-to-recycle plastic waste into a durable alternative to natural wood. Developed through a proprietary process called Intelligent Compounding, unWOOD uses a Macro Molecular Fiber Matrix (MMFM) structure to replicate the strength, look, and feel of hardwood鈥攚ithout the environmental cost.Conceptualised by Dr Babu Padmanabhan, the material addresses key flaws in traditional plastic recycling by consuming minimal energy, using zero water, and generating no microplastics. 鈥淎ny application that introduces plastics into areas where it cannot be..

Next Story
Real Estate

H盲fele launches Matrix undermount runners range

H盲fele has introduced its new Matrix range of undermount runners, designed to enhance drawer motion across kitchens, wardrobes, bathroom units, and more.Available in four weight capacities and a wide range of lengths, the Matrix undermount runners support diverse drawer designs. The 40 kg and 60 kg variants feature synchronised technology for superior motion and drawer stability. All runners come with an integrated soft-close mechanism to ensure smooth and noiseless operation.This in-house range is ideal for kitchen cabinets, bed storage units, living room furniture and bathroom drawers, offe..

Next Story
Real Estate

India's first AI-integrated campus announced in Noida

Yashoda Hospital and Bhutani Infra have announced plans to develop India鈥檚 first fully AI-integrated mixed-use campus in Greater Noida West. The upcoming project will feature a hospital, retail spaces, offices, SOHOs, serviced apartments, and a hotel鈥攁ll operating within a self-learning, generative AI-powered ecosystem.The AI-first campus will integrate real-time data systems, predictive analytics, and adaptive infrastructure to offer personalised experiences across functions. From AI-enabled footfall tracking and dynamic energy optimisation to smart F&B and retail insights, the develo..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement