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TMI BlogSERVICE TAX ON WATERWAY TRANSPORTATION OF GOODSX X X X Extracts X X X X X X X X Extracts X X X X ..... SERVICE TAX ON WATERWAY TRANSPORTATION OF GOODS - By: - Debtosh Dey - Service Tax - Dated:- 6-2-2015 - - SERVICE TAX ON WATERWAY TRANSPORTATION OF GOODS Stretch of 1620 Kms from 2.5 Kms downstream Sagar(Haldia) to 2 Kms upstream Sangam(Allahabad) in Hooghly-Bhagirathi-Ganga national waters, is notified as Inland Waterways under IWAI Act (effective from 86). The project includes fai ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rway for sea-going vessels upto Kolkata under KoPT, dredging, broadening, new terminals, 24 7 navigation, tourism, new lock-gates, pollution control, etc. Six such projects under IWAI and other navigable inland waters within States notified under IV Act, are excluded from Service Tax for goods carriage from Jul 12. Also, vessels coming to India or going out are excluded. Only coastal movement ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of goods attracts tax [Note : Earlier, all waterways (inland, national and coastal) were taxed since Sep 09 barring some food items, medicines, petroleum, jute, yarn, etc. Subsequently, tax was abated by 25% from Mar 11. With Negative Listing and Point Of Service Rules, w.e.f. Jul 12, service tax now stands amended as aforesaid]. Customs duty is attracted on import freight including barge-fre ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ight. Importer can avail Cenvat on CVD element, if eligible. Service tax is attracted on vessel loading/ unloading, stevedoring and demurrage under Port Services as also on CHA service. Debtosh Dey , M.Sc (Engg), FIE, C.Engg(I), FCMA, FCS, LL.B. - - Scholarly articles for knowledge sharing authors experts professionals Tax Management India - taxmanagementindia - taxmanagement - tax ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... managementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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