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 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..