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Advisory for bringing in transparency in transaction costs in EXIM trade
Applicable to:
All stakeholders in EXIM trade
Effective Date:
Immediate
Superseded Circulars:
DGS Circular No. 1 of 2016 dated 07.09.2016
Key Changes and Requirements
1. Transparency in Transaction Costs
DGS Circular No. 1 of 2016 and its clarification dated 26.07.2016 are superseded. New rules are as follows:
- Direct Payment for Export Rail Freights: EXIM trade can now make direct payments to appropriate railway authorities for container export rail freights.
- No Special Priority Charges: Shipping lines, freight forwarders, NVOCCs, MTOs, and CHAs cannot levy 'special priority charges' for giving priority to containers.
Action Required: All stakeholders must comply with the new rules and inform EXIM trade about these changes.
Important Note
Non-compliance may lead to violation of the Advisory dated 07.09.2016.
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