Poging GOUD - Vrij
Union Budget FY25: Govt may provide incentives for maritime sector
The New Indian Express
|July 10, 2024
IN a bid to give boost to the local manufacturing in the maritime sector, finance ministry is likely to raise basic customs duty (BCD) on certain items in the upcoming budget 2024-25, top sources told The New Indian Express.
Custom duty on fishing vessels, tugs and pusher crafts and light vessels may be raised from 5% to 50%.
"The Ministry of Shipping has made a proposal and the Centre may make an announcement in the Budget to be released on July 2024. They have proposed to raise rates on fishing vessels, tugs and pusher crafts and light vessels to 50% for next ten years and thereafter increase it to 100% from the year 10-25," a top governments source stated.
Dit verhaal komt uit de July 10, 2024-editie van The New Indian Express.
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