GST on liaison office of an Overseas entity set up in India - CBIC needs to intervene (See 'THE INSIGHT')25 States, including Kerala & West Bengal, opt for Option-1 for GST Compensation (See 'GST News')TP - Tribunal is not entitled to review its own order under the garb of rectification of mistake apparent on record: ITATI-T - Difference of opinion between the assessee and the Revenue, over the true nature of a certain transaction & its appropriate classification, is not tantamount to furnishing inaccurate particulars of income so as to warrant penalising the assessee: HC (See 'TOG Latest')NITI releases compendium of practices on COVID-19 (See 'TOG News')Customs - Confiscation of imported yarn u/s 111(m) & penalty u/s 112(a) Customs Act 1962 , are sustained where importer admits to mis-declaration of the description of the goods & tariff item - quantum of both levies reduced: CESTAT (See 'TOG Latest')Central Excise - It is trite law that if invoice issued by manufacturer contains details of assessee as consignee, the assessee is entitled for CENVAT credit even if the buyer of the goods is unregistered: CESTAT (See 'TOG Latest')COVID-19: Funding of Global Vaccination Mission - Time to take gilt off tax havens' gingerbread! (See 'THE COB(WEB)' in TIOL)iOS version of Nyaya Bandhu App to be launched on Constitution Day (See 'TOG News')Cabinet approves MoU on cooperation in field of Sport among BRICS Countries (See 'TOG News')TP - If international transaction reported by taxpayer in its Form 3CEB stands identified and examined by TPO to be true, then nature of services cannot be re-characterized: ITAT (See 'TOG Latest')I-T - Additions framed solely based on suspicions are unsustainable, more so where books of record were available before the AO but were not examined: ITAT (See 'TOG Latest')VAT - It is fit case for remand where assessment order is passed by the Revenue based on sworn statements of the assessee, taken at time of inspection of its premises & where the Revenue does not consider the replies filed by the assessee to the pre-assessment SCN issued: HC (See 'TOG Latest')VAT - High Court's intervention is unwarranted in respect of pre-assessment SCNs issued to an assessee, where the grounds raised by the assessee against such SCNs can be canvassed before the Adjudicating Authority: HC (See 'TOG Latest')PM to inaugurate RE-Invest 2020 on Nov 26 (See 'TOG News')
Tax on Go
Budget 2015
Click the banner to download Documents
HOME       GST     INDIRECT TAX     INCOME TAX     DTAA     TP     MIXED BAG     LIBRARY    

TOG NEWS

MoS inaugurates 'Direct Port Entry Facility' at Chidambaranar port
By TOG News Service
Oct 28, 2020

TOG NEWS SERVICE, NEW DELHI, OCT 28, 2020: THE Union Minister of State for Shipping, Mr Mansukh Mandaviya, inaugurated the 'Direct Port Entry (DPE) facility' of V.O. Chidambaranar Port Trust by unveiling the e-plaque.

While addressing the inauguration ceremony through video conference, Mr Mansukh Mandaviya said that this is a noteworthy step towards reducing logistics cost and increasing the velocity of the cargo. DPE will help in increasing Ease of Doing Business for the exporters, as the facility will bring efficiency and reduce dwell time, lower tariff cost and improve the competitiveness of shipper in the international trade.

The state-of-the-art Direct Port Entry (DPE) facility would enable direct movement of containers from factories, without intermediate handling at any CFS, thus facilitating the shippers to Gate-In their factory stuffed exports directly to the Container Terminal on 24x7 basis. The facility is created in an area of 18,357 sqm inside the Truck Parking Terminal which was developed under the 'Sagarmala' for issuing customs clearance of export cargo i.e. Factory stuffed/e-sealed containers. It can handle 18000 TEUs per month. Indian Customs through the Central Warehousing Corporation, DPE facility will generate the Let Export Order (LEO) under a single roof without any hassle. A dedicated team of CWC and Customs officials, in association with VOC Port, will serve Tier-II, Tier-III (AEO) certified EXIM clients.

Earlier, the factory stuffed (self-sealed) containers were taken to one of the container freight stations (CFSs)/Inland Container Depot (ICD) operating in Tuticorin. The CFSs operate between 10 am to 8 pm on working days only. Because of it, there was considerable delay in admitting the self-sealed export containers into the container terminals. Hence, Port developed the DPE facility to enable the export clearance of factory stuffed e-sealed containers on a 24x7 basis resulting in faster & cost-effective export admittance. Port entered into an MoU with M/S. Central Warehousing Corporation (CWC) to operate the facility for 30 years and the Customs department has also approved operating the DPE facility in the port.

Dr. Sanjeev Ranjan, Secretary, Ministry of Shipping, in his address, said that the IT enabled infrastructure at the ports will definitely make our ports ,world class  ports aligning the 'Maritime Vision 2030' of Ministry of Shipping.

Senior officials of the Ministry of Shipping, Mr T. K. Ramachandran, Chairman, V.O. Chidambaranar Port Trust, Mr Arun Kumar Mrvastava, Managing Director, Central Warehousing Corporation and port officials were present in the virtual inauguration.