Exporters Also Allowed To Pay Handling Charges Directly To Terminals Bypassing Lines

The Centre has allowed exporters also to pay terminal handling charges (THC) directly to the terminals, bypassing the shipping lines, to cut logistics costs and promote ease of doing business. To start with, Jawaharlal Nehru Custom House, which serves Jawaharlal Nehru Port Trust (JNPT), India’s biggest container gateway, issued a public notice to implement the…

Budget Announces Implementation Of Nirvik Scheme For Higher Insurance Cover For Exporters

Exporters say new scheme, first announced in September 2019, will reduce premium, costs Exporters have been assured implementation of the new export credit insurance scheme `Nirvik’, offering lower premiums and faster claims settlement, in 2020-21, in the Union Budget announced on Saturday. Under the scheme, first announced by Finance Minister Nirmala Sitharaman in September 2019,…