Mediterranean Shipping Company S.A (MSC) wishes to advise clients that the Indian Government has announced that a new service tax.
The new tax will be applicable for all shipments imported to India based on Ocean Freight manifested with payment method “Prepaid” or “Elsewhere”.
The service tax will be 4.5% of the Import Ocean freight and will be implemented with a validity sailing date of January 22nd 2017.
Note that in addition to the above, the existing 15% IHC to other destination charges that are manifested with payments terms “Prepaid” or Elsewhere remains unchanged.
For further information, please contact your local MSCA office.