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Chennai Port stakeholders send relief materials to Kerala


The first container with materials for Kerala flood relief, contributed by Chennai Port unions, Terminal Operators, National Association of Container Freight Stations, Steamer Agents Association, Custom Brokers Association, Chennai Port Stevedores Association, Canara Bank, IDBI Bank, Vijaya Bank and others, was flagged off by Mr Cyril C. George, Deputy Chairman, Chennai Port Trust, in the presence of the stakeholders, from Sattva CFS on August 26, 2018.

The 20-foot container is en route to Cochin Port through the vessel M. V. Lal Bahadur Shastri, said a release.

OFFICE OF THE COMMISSIONER OF CUSTOMS, NS-III MUMBAI CUSTOMS ZONE-II, JAWAHARLAL NEHRU CUSTOM HOUSE

Dealing with cases, where importer / Customs brokers are submitting multiple DPD intimations (72 hours advance intimations) (sometimes from the different Customs Brokers of the same importer) for the same consignments

F. No. S/22-Gen-402/2017-18/AM (I)/JNCH PUBLIC NOTICE No. 126/2018

  • Attention of the Importers, Exporters, General Trade, Port Terminal Operator, Shipping Lines / Shipping Agents, CFSs coming under the jurisdiction of Jawaharlal Nehru Customs House (JNCH), Nhava Sheva and all other stakeholders is invited to the Public Notice No. 36/2018, dated 09.03.2018 as amended vide Public Notice No. 49/2018, dated 26.03.2018and Public Notice No. 115/2018 dated 02.08.2018 regarding "one time default intimation" required to be submitted by DPD importers at JNCHfor availing DPD Facility.
  • As mentioned in the said Public notice, system of "one-time default intimation" has been introduced to obviate the need to submit 72 hours advance intimation each time and promote DPD. This measure was taken on the basis of series of request for such facility by Trade. This revised procedure is facilitating DPD importers to avail clearances under DPD and reducing their transaction cost and time. This step was also expected to increase the percentage of DPD volume at this Port.
  • During the "DPD Review" meeting held with all stakeholders on 17th August 2018 at JNCH, CSLA informed that in certain cases, importer / Customs brokers are submitting multiple request (sometimes from the different Customs Brokers of the same importer) for the same consignments, which makes it difficult for shipping lines to accept such request.
  • In view of the above, it has been decided that:
    • DPD Importer / Customs broker, who have not yet submitted the said "one-time default intimation", are advised to submit the same preferably electronically, in the manner as provided vide Public Notices as mentioned in Para 1 this Public Notice.
    • DPD Importer / Customs broker are advised not to submit more than one request for one consignment.
    • In case, where more than one specific request / intimation is submitted in respect of any consignment, shipping lines may only consider first request and ignore subsequent requests, even though submitted 72 hours in advance.
    • Shipping lines should intimate the details of such multiple intimations to Customs (email address: dpd.amijnch@gmail.com).
  • In case of any difficulty, the specific issue may be brought to the notice of Additional / Joint Commissioner in charge of ‘DPD Cell’, NS-III (email address: dpd.amijnch@gmail.com).
  • includes consultation with local communities to minimise any disruption to their environment and maximise any legacy benefits
  • is regularly revised as threat assessments change



OFFICE OF THE COMMISSIONER OF CUSTOMS, NS-III MUMBAI CUSTOMS ZONE-II, JAWAHARLAL NEHRU CUSTOM HOUSE

Procedure to be followed for obtaining unique DPD code to DPD importers

F. No. S/22-Gen-402/2017-18/AM (I)/JNCH PUBLIC NOTICE No. 125/2018

  • Attention of the Importers, Exporters, General Trade, Customs Brokers, Port Terminal Operators, Shipping Lines / Shipping Agents, CFSs coming under the jurisdiction of Jawaharlal Nehru Customs House (JNCH), Nhava Sheva and all other stakeholders is invited to the Public Notice No. 127/2016 JNCH dated 16.09.2016, Public Notice No. 05/2017 dated 12.01.2017, Public Notice No. 53/2018 JNCH dated 30.03.2018 and Public Notice No. 116/2018 JNCH dated 02.08.2018 regarding the procedure for registration of DPD clients at Terminals.
  • Vide Public Notice No. 53/2018 JNCH dated 30.03.2018 (directions were issued to port terminals in terms of Clause (n) of Regulation 5(1) and Sub Regulation (2) of Regulation 7 of Handling of Cargo in Customs Areas Regulations, 2009) provided that:
    • DPD Importers are required to get themselves registered at JNPCT only. After obtaining DPD permission letter from JNCH Customs, Importers are required to submit specified documents as per prevalent practice for registration at JNPCT. JNPCT will allot unique code to these DPD Importers. Other terminals (NSICT/NSIGT/GTI/BMCT) will use the same DPD Code (allotted by JNPCT) for the purpose of extending DPD facility to Importer including opening PD account etc.
    • Whenever such DPD code is allotted by JNPCT, intimation of the same should be sent to other terminals (NSICT/NSIGT/GTI/BMCT).
    • Thereafter, importer should approach other terminals to comply with other requirements like opening of PD Account etc with the same DPD code (as allotted by JNPCT).
  • During the "DPD Review" meeting held with all stakeholders on 17th August 2018 at JNCH, it has been decided that once DPD Code is allotted by JNPCT, intimation of the same along with requisite details & documents should be sent to other terminals (NSICT/NSIGT/GTI/BMCT) by JNPCT. There is no need for individual DPD importers to approach each Terminal again for registration with them. Instead, other Terminals, will suo moto register such DPD importers (on the basis of KYC already conducted by JNPCT) and open PD Account for them. Any missing details should be obtained through email. Detail of such PD Accounts should be intimated to such DPD importers through email with copy to Customs. Thereafter, the DPD Code allotted by JNPCT in respect of an IEC holder should be used by the other terminals and Shipping Lines for extending DPD.
  • It was also noticed that there are certain DPD Importers, which are not registered with JNPCT but are registered with other Terminals (NSICT/NSIGT/GTI/BMCT). Details of such cases should be shared by such Terminals (NSICT/NSIGT/GTI/BMCT) with JNPCT, JNPCT shall allot the DPD Code (preferably the same code, if it does not result in duplication) to such DPD Importer suo-moto and intimate the details to other Terminals in the manner as prescribed in Para 3 above to other Terminals for registration of the said DPD importers by other Terminals too automatically.
  • Aforesaid exercise is to be conducted in respect of all DPD importers already registered as well as all future registrations.
  • It was also decided during the DPD Review meeting that each Terminal Operator should send list of DPD importers (containing details i.e. Sr No, IEC, Name of Importer, DPD Code) registered by them on fortnightly basis (on 16th and 1st of every month) to Customs (email address: dpd.amijnch@gmail.com). First of such report should be sent on 1st September 2018.
  • In case of any difficulty, the issue may be brought to the notice of Additional / Joint Commissioner in charge of ‘DPD Cell’, NS-III (email address: dpd.amijnch@gmail.com).


Adani Power is said to near acquisition of GMR power plant

Adani Power will take over about ₹3,800 crore of loans out of a total of ₹5,800 crore that GMR Chhattisgarh Energy owes. It will also assume non-funded liabilities of about ₹1,400 crore

A deal is likely to be announced in the next few weeks after lenders give a formal approval.

George Smith Alexander and Anto Antony, Bloomberg.
Last Published: Mon, Aug 27 2018. 11 43 PM IST

  • Mumbai: Indian billionaire Gautam Adani’s energy unit is nearing a deal to acquire a 1,370-megawatt thermal power plant backed by GMR Infrastructure Ltd., according to people with knowledge of the matter.
  • Adani Power Ltd. will take over about ₹3,800 crore ($543 million) of loans out of a total of ₹5,800 crore that GMR Chhattisgarh Energy Ltd. owes, said the people, who asked not to be identified because the information is private. Adani Power will also assume non-funded liabilities of about ₹1,400 crore, the people said.
  • India’s central bank has been looking to restructure stressed loans that have already pushed dozens of companies into bankruptcy. The RBI is attempting to clean up more than $210 billion of soured debt on bank balance sheets and has previously asked lenders to take about 40 large defaulters to bankruptcy court lest overdue borrowings slow growth in Asia’s third-largest economy. In February, it introduced new rules and a timeline for delinquent loans to be recast.
  • A deal is likely to be announced in the next few weeks after lenders give a formal approval, the people said. Lenders took control of GMR Chhattisgarh from GMR Infrastructure after adopting a restructuring plan last year that converted about ₹3,000 crore of debt into about 52% of equity.
  • GMR Chhattisgarh comprises two 685-megawatt coal-power units that started operations in 2015 and 2016, according to GMR’s website. Spokesmen for Adani Power and GMR Infrastructure didn’t immediately respond to requests for comment.
  • Adani Power, Vedanta Ltd., JSW Energy Ltd. and state-run NLC India Ltd. were among firms that submitted non-biding bids for the project, lender Power Finance Corp. said in a 31 May statement.

L&T Construction bags Rs 1,394-cr irrigation project in MP

Larsen & Toubro (L&T) today said its construction arm has won an order worth Rs 1,394 crore for the execution of the Kundalia Irrigation Project - Right Bank in Madhya Pradesh (MP).

"The water and effluent treatment business of L&T Construction has won an EPC order worth Rs 1,394 crore from the Water Resources Department, Government of Madhya Pradesh, for the execution of the Kundalia Irrigation Project - Right Bank," the engineering and construction major said in a BSE filing.

L&T said the project envisages providing water for micro-irrigation to more than 64,000 hectares of cultivable land in the command area of Rajgarh district of Madhya Pradesh, by lifting water from the Right Bank of the Kundalia reservoir on the Kalisindh River. Shares of the company were trading at Rs 1,354 apiece, up 0.83 per cent, from the previous close on BSE.

CMA CGM to reshuffle EPIC 1 service between North Europe & Indian Subcontinent

  • In a continued effort to provide its customers with reliable and efficient service, CMA CGM will reshuffle its EPIC 1 service connecting North Europe with the Indian Subcontinent.
  • As per a release, London Gateway will replace Felixstowe and the Dunkirk call will be suspended. The new rotation is as follows:
    • Southampton - Rotterdam - Antwerp - London Gateway - Le Havre - King Abdullah - Djibouti - Port Qasim - Nhava Sheva - Hazira - Mundra - King Abdullah - Gioia Tauro - Tanger Med - Southampton
    • As from m/v MSC ATHOS 0EG19W1MA, EPIC 1 will call at London Gateway (ETA September 10, 2018) instead of Felixstowe.
    • m/v MSC MARIA ELENA will be the last vessel to call at Dunkirk (ETA September 13, 2018).
  • The release added that the following options for Dunkirk shipments can be offered:
    • Westbound: via Southampton on FAL 1
    • Eastbound: via Le Havre on EURAF 1

India projected to have the highest growth rate among major economies

The International Monetary Fund (IMF) has projected that India will grow at a rate of 7.3 per cent in the current year and 7.4 per cent in 2019, up from the 6.7 per cent growth rate recorded in 2017.

If the projections come to fruition, India will once again become the fastest growing major economy in the world, overtaking China.

"India's growth is expected to increase to 7.3 per cent in 2018 and to 7.4 per cent in 2019 (slightly lower than in the April 2018 World Economic Outlook for 2019, given the recent increase in oil prices and the tightening of global financial conditions), up from 6.7 per cent in 2017," the IMF said in its World Economic Outlook report.

This acceleration, it added, reflected a rebound from transitory shocks (the cash ban and implementation of the national Goods and Services Tax), with strengthening investment and robust private consumption, reports said.

Seaways Shipping completes third voyage in Kolkata-Chittagong coastal shipping trade lane

Handles record 317 TEUs

  • Seaways Shipping and Logistics Ltd (Seaways) has till now successfully completed three voyages from Kolkata, India to Chittagong, Bangladesh under the Indo-Bangladesh Coastal Shipping Treaty.
  • The vessel MV Harbour 1 called at Kolkata Port on September 24, 2018 carrying 174 TEUs and sailed back with 143 TEUs, loaded with general commodities.
  • The vessel reached Chittagong safely on September 28. All loading and unloading work was completed within a day’s time.
  • Over the years, the government of India has been working towards increased movement of cargo through coastal shipping, rather than by road. Currently, tonnes of cargo move by road to the Bangladesh border every day, causing huge traffic congestion and delays in reaching the destination. If a part of these cargoes are moved by sea, the end customer gains through quicker transit and cost savings.
  • It is in this context that Seaways has been contributing to the government of India’s aim to bring down the logistics cost of carrying containerised cargo between India and Bangladesh, said a release.

Russia & India to ink MoU for rail cargo traffic

Russian rail monopoly RZD and Indian Railways will sign a memorandum to set up a joint operator of rail cargo traffic via the North-South corridor, informed Alexander Misharin, First Deputy Director General, RZD. He named traffic via the North-South corridor among the priorities for cooperation between the two companies.

"We plan to sign a memorandum of agreement on developing cooperation with Indian Railways, which includes design and supplies of dispatch control systems, automated systems, creating a joint operator, study and preparation of documents to organise joint agreements on cargo traffic," he said.

The North-South international transport corridor is aimed at transporting cargo from India and Persian Gulf countries to western and northern Europe via Iran, Azerbaijian and Russia. The corridor’s main advantage is that the delivery will be two or three times faster than via other routes. Initially, the side plan to transport five million tonnes annually, and the volume may be doubled in the future.

Exports from Germany to India have increased substantially in the past few years: German Ambassador

The German Embassy here held a press meet recently to talk about the industrial growth and free trade agreement between India and the European Union (EU).

Speaking on the occasion, the German Ambassador, Mr Martin Ney, said that exports from Germany to India have increased substantially in the last few years. In 2017, direct investment in India by the German mechanical engineering sector totalled 1.2 billion euro - three times higher than in 2008, he said.

Stating that Germany supports a free trade agreement between India and the EU, Mr Ney said, "Despite willingness on the part of India to resume talks on FTA, no political decision has been taken yet to restart the negotiations. The FTA between the European Union countries and India is the need of the hour," he added.