Bangladesh readies new air cargo facilities after ban by India
After India cancelled the use of its transhipment facilities for Bangladesh cargo, the government decided ...
© Nickolay Stanev
By Alex Lennane
Forwarders are expressing concern and confusion, on the eve of the new budget, over the recently implemented 4.5% ocean freight tax imposed on Indian importers.
The tax came into effect on 22 January, with no notice, and is applied to all shipments imported into India which are ‘pre-paid’.
If shipments are booked on the basis of cost and freight (C&F) or cost, insurance and freight (CIF), the ocean freight is paid by the exporter.
But the confusion – as ever – lies with ...
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