Indian service tax - update 5 May
05 May 2017BIMCO continues to hear back from members on the issue of the Indian Service Tax.
Showing 1 - 10 of 200
BIMCO continues to hear back from members on the issue of the Indian Service Tax.
The sanctions landscape has grown increasingly complex. International sanctions regimes are constantly changing with new restrictions being added and new persons and entities being listed. A violation of sanctions restrictions can have severe consequences and in the worst cases can lead to parties being listed as sanctioned parties. Therefore, carefully worded sanctions clauses in contracts of affreightment are vital for internationally trading companies to help them manage and mitigate their sanctions risk and to enable them to continue to do business while remaining compliant with the various sanctions regimes.
The sanctions landscape for the container trade has grown increasingly complex over the past decade. To provide the container industry with a bespoke contractual solution that addresses the practical and commercial realities of the liner trade BIMCO has developed a Sanctions Clause for Container Vessel Time Charter Parties 2020.
On 12 January the Indian Government issued notifications related to the payment of Service Tax.
At 00:01 UTC on 1 January 2023, the Shipping Industry Indian Ocean High Risk Area (HRA) for piracy will be removed.
The Tokyo and Indian MOU have issued press releases providing guidance on how extensions can be granted in relation to port state control inspection carried out on ships.
With great appreciation to our contributing members, BIMCO is now able to issue the BIMCO Holiday Calendar 2021 Supplement.