https://www.taxtmi.com/news?id=22208 Measures to increase national shipping tonnage focus on regulatory liberalisation, fiscal incentives, and operational facilitation to strengthen the Indian-flag fleet. Policy actions include cargo preference through Right of First Refusal, reduced GST on bunker fuel for Indian-flag vessels, permission to carry coastal cargo via specified foreign ports, removal of licensing for chartering foreign-registered ships by Indian entities, tax parity for seafarers, permission for overseas ship acquisition and foreign flagging, and allowance for imported and ISO-conformant local containers for cargo transport. en-us Mon, 02 Dec 2019 16:34:03 +0530 Mon, 02 Dec 2019 16:34:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=22208 Measures to increase national shipping tonnage focus on regulatory liberalisation, fiscal incentives, and operational facilitation to strengthen the Indian-flag fleet. Policy actions include cargo preference through Right of First Refusal, reduced GST on bunker fuel for Indian-flag vessels, permission to carry coastal cargo via specified foreign ports, removal of licensing for chartering foreign-registered ships by Indian entities, tax parity for seafarers, permission for overseas ship acquisition and foreign flagging, and allowance for imported and ISO-conformant local containers for cargo transport. News - Mon, 02 Dec 2019 16:34:03 +0530 https://www.taxtmi.com/news?id=22208