Photo: The Hindu BusinessLine (Economy)Chennai Customs waives charges on containers affected by trans-shipment norms
Reported by The Hindu BusinessLine (Economy), not nibnow. We are not the publisher of this story, only the source is.
This waiver relieves financial burdens for businesses facing delays caused by new trans-shipment regulations. It directly impacts nearly 300 consignments processed at Chennai Port during September.
Authorities at Chennai Customs have decided to cancel various storage and holding fees for numerous less than container load shipments that experienced bottlenecks due to regulatory compliance updates. This financial relief applies specifically to roughly three hundred cargo units moving through the local harbor. The exemption covers penalty fees for keeping cargo at the terminal beyond the standard timeframe, holding penalties, and general warehouse storage expenses. Affected shipments experienced these complications during the final three weeks of September.
Demurrage, detention, and storage charges are fees levied on cargo left at ports beyond the allowed free time. Customs authorities occasionally waive these fees during regulatory transitions or administrative delays to ease the burden on importers and exporters.
- •Further updates on the implementation and compliance timelines for SCMTR regulations
- •Additional announcements regarding container clearance rates at Chennai Port