Ministries to Address Trade Tax Issues

10 Oct 2024 CW Team

The Commerce and Shipping Ministries are preparing to discuss critical tax issues related to trade and shipping. This meeting aims to address various challenges faced by stakeholders in the maritime sector, particularly concerning taxation that impacts shipping operations and trade facilitation. The discussions are expected to cover topics such as the Goods and Services Tax (GST) framework, which has implications for import and export activities.

Resolving these tax-related challenges is vital for enhancing the ease of doing business in India, particularly in the context of the shipping industry, which plays a crucial role in the nation's economy. The outcome of this dialogue could lead to more streamlined processes, potentially reducing costs for businesses and improving overall efficiency in trade logistics. By fostering collaboration between the ministries, the government aims to create a more conducive environment for trade, ultimately boosting revenue and supporting economic growth.

The shipping industry stakeholders are looking forward to the discussions, hoping for constructive outcomes that could alleviate existing burdens and promote smoother operations. This engagement underscores the government's commitment to enhancing infrastructure and regulatory frameworks that support the shipping and trade sectors, ensuring they remain competitive on a global scale. As the ministries prepare for these discussions, the results could have far-reaching implications for the future of India's trade and shipping landscape.

Equipment

12 Dec 2025

Schwing Stetter India Unveils New Innovations at Excon 2025

Schwing Stetter India unveiled more than 20 new machines at Excon 2025, marking one of its most significant showcases and introducing several India-first technologies to the construction equipment sector. The company launched the country’s first 56-metre boom pump designed and manufactured in India, the first fully electric truck mixer, the first CNG mixer variant and the first hybrid boom pump. Executives said the launch portfolio was engineered to support India’s move toward faster, greener and more vertically oriented infrastructure through advanced engineering, clean-energy solutions a..

SEPC Resolves Hindustan Copper Dispute, Wins Rs 725 Mn Order

Engineering, procurement and construction firm SEPC Ltd has recently settled a dispute with Hindustan Copper Ltd (HCL) and secured a mining infrastructure order valued at Rs 725 million from the state-owned company. SEPC informed the stock exchanges that it has executed a settlement deed with HCL, bringing closure to all inter-se claims and counterclaims arising from arbitration proceedings. As part of the settlement, SEPC will receive Rs 304.5 million as full and final payment, marking the resolution of all pending disputes between the two entities. The company also stated that Hindustan Co..

Karnataka Clears Goa–Tamnar Line Despite Forest Impact

Karnataka has expedited approval for the contentious Goa–Tamnar power transmission project, clearing it only months after softening its stance and requesting a revised proposal from the implementing agency. The decision comes despite the project’s significant ecological risks to Mollem National Park, Bhagwan Mahavir Sanctuary and nearby villages, where large-scale forest diversion and fragmentation threaten sensitive Western Ghats ecosystems. The Karnataka Forest Department has now approved the updated proposal. The state government had earlier paused the project, linking the delay to Goa..