Just a moment...
We've upgraded AI Search on TaxTMI with two powerful modes:
1. Basic
• Quick overview summary answering your query with references
• Category-wise results to explore all relevant documents on TaxTMI
2. Advanced
• Includes everything in Basic
• Detailed report covering:
- Overview Summary
- Governing Provisions [Acts, Notifications, Circulars]
- Relevant Case Laws
- Tariff / Classification / HSN
- Expert views from TaxTMI
- Practical Guidance with immediate steps and dispute strategy
• Also highlights how each document is relevant to your query, helping you quickly understand key insights without reading the full text.
Help Us Improve - by giving the rating with each AI Result:
Powered by Weblekha - Building Scalable Websites
Press 'Enter' to add multiple search terms. Rules for Better Search
Press 'Enter' after typing page number.
Press 'Enter' after typing page number.
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Press 'Enter' after typing page number.
Press 'Enter' after typing page number.
Don't have an account? Register Here
New Delhi, Jul 21 (PTI) Parliament on Monday passed The Bills of Lading Bill, 2025 that aims to update and simplify the legal framework for shipping documents.
The Bills of Lading Bill, 2025, which was passed by the Lok Sabha in March this year, was passed in the Rajya Sabha by a voice vote in the absence of Opposition who staged a walk out in the post-lunch session.
Union Minister of Ports, Shipping and Waterways Sarbananda Sonowal moved the bill for consideration and passage by the Upper House.
He said the new legislation will replace the Indian Bill of Lading Act 1856 as the Bill of Lading Act 2025.
A bill of lading refers to a document issued by a freight carrier to a shipper. It contains details such as the type, quantity, condition and destination of goods being carried.
The bill seeks to make provisions for the transfer of rights of suit and all liabilities to the consignee named in a bill of lading and every endorsee of a bill of lading, to whom the property in the goods mentioned in the bill of lading shall pass, upon or by reason of a consignment or an endorsement. PTI RSN RKL TRB
Transfer of rights under bills of lading: rights of suit and liabilities pass to consignee or endorsee on transfer of property. The Bills of Lading Bill, 2025 replaces the Indian Bill of Lading Act 1856 and modernises the law on shipping documents. It defines a bill of lading as the carrier's document describing goods and provides that when property in goods passes to the named consignee or to an endorsee by consignment or endorsement, the rights of suit and all liabilities connected to the bill of lading pass to that consignee or endorsee.Press 'Enter' after typing page number.