CBIC Introduces Trade Facilitative Measures for Air Cargo

29 Apr 2025 CW Team

The Central Board of Indirect Taxes and Customs (CBIC) has introduced several trade facilitative measures relating to air cargo and transhipment, in line with announcements made in the Union Budget Speech 2025-26.

For ease of doing business, CBIC has waived the transhipment permit fee for all movements under the transhipment procedure with effect from twenty-fourth April 2025. This follows the notification issued under No. 30/2025-Cus (N.T). The move addresses delays caused by the growing volume of transhipped cargo.

Further, CBIC has streamlined the customs protocol for Unit Load Devices (ULD). Now, air carriers or air console agents can temporarily import ULDs outside customs areas using a Continuity Bond. This simplifies procedures previously applicable only to marine containers since 2005, while importers may still opt to take direct responsibility for re-export if preferred.

The ‘All-India National Transhipment Bond’ facility operational since 2022, continues to help avoid multiple bond submissions at various customs stations. Online filing of transhipment applications via Indian Customs Electronic Gateway (ICEGATE) has also been enabled, reducing the need for physical visits.

These measures aim to enhance efficiency, streamline compliance, and support growth in air cargo logistics.

Source: Press Information Bureau Delhi

Real Estate

05 Aug 2026

CREDAI-MCHI to Host 10th Design & Construction Conference

CREDAI-MCHI will host the 10th anniversary edition of its Design & Construction Conference on August 19, 2026, at the Jio World Convention Centre in Mumbai.The event is expected to bring together more than 500 procurement leaders, construction heads, architects, consultants and senior real estate decision-makers, alongside over 50 construction and ancillary brands.The conference will feature product launches, technology showcases, knowledge sessions, strategic business-to-business networking and recognition of procurement professionals contributing to the transformation of the construction..

BorgWarner Wins Extension for High-Voltage Inverter Programmes

BorgWarner has secured a major extension of several high-volume high-voltage inverter programmes from a leading European automotive manufacturer.The contracts cover updated inverter designs for plug-in hybrid and 800V battery-electric vehicle applications. Production is scheduled to begin in 2029.Isabelle McKenzie, President and General Manager, BorgWarner PowerDrive Systems, said the programme extensions demonstrate the company’s position in power electronics and reflect the strength of its technology, in-house expertise and customer relationships.For plug-in hybrid vehicles, BorgWarner wil..

Castrol India Q2 Profit Rises 43% to Rs 3.48 bn

Castrol India reported a 43 per cent year-on-year increase in profit after tax to Rs 3.48 billion for the quarter ended June 30, 2026, supported by growth across its consumer, industrial and institutional businesses.Revenue from operations increased 25 per cent to Rs 18.71 billion during the second quarter of 2026, compared with Rs 14.97 billion in the corresponding period of 2025. EBITDA rose 41 per cent to Rs 4.94 billion from Rs 3.50 billion.Sequentially, revenue increased from Rs 15.45 billion in the first quarter of 2026, while EBITDA rose from Rs 3.29 billion. Profit after tax increased ..