Government Waives off Waterway Usage Charges
To draw more cargo to waterways, Ministry of Shipping has waived waterway usage charges for three years with immediate effect.
Need
- The move comes in the backdrop of cargo moved on waterways stagnating in fiscal 2020 against the previous fiscal.
- Water usage charge was applicable on vessels using the national waterways.
- Currently only 2% of total cargo traffic moves through waterways.
- It was a hindrance in administration of traffic movement and collection of traffic data.
Current Waterways Charge
- Presently, Inland Waterways Authority of India (IWAI) levies the waterway usage charges at a rate of Rs 0.02 per gross registered tonnage (GRT) per ....
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