The Central Board of Indirect Taxes and Customs (CBIC) has notified Terminal Handling Charges (THC) payment facility to Direct Port Entry (DPE) or Authorised Economic Operators (AEO) export customers as well, preceded by Direct Port Delivery (DPD) or AEO import customers. Recently, by issuing two separate Public Notices to all Custom Commissionerates that included a number of major ports CBIC directed Custom houses to allow DPE, DPD and AEO clients/importers/exporters to pay Terminal Handling Charges (THC) directly to terminals bypassing shipping lines. Objective of this decision is to reduce the cost for exporters so that they can be more competitive in the international market, informed Dr John Joseph, Member Customs (Tax Policy), CBIC.
This story is from the March 2020 edition of Maritime Gateway.
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This story is from the March 2020 edition of Maritime Gateway.
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