It is in fact Kawasaki Liner Service who have rendered these services. Charges for Customs Document Printout- Download - 224 KB Entry Permit Fee for Tanker lorry which Supplies Fresh Water to the Vessels by Authorized Licensed Agencies- Download - 74 KB Waiver of 'Shifting' (Pilotage) and Berth hire charges in respect of barges engaged by various oil companies for supply of bunkers and fresh water at anchorage of Cochin Port- Download - 494 KB Acceptance of GST TDS deducted and GST TDS Certificate thereof - 14-Dec-2018 Recommended: Easy Guide to TDS Provisions Under Income Tax Act 1961 Get to know complete guide of TDS provisions under income tax act 1961 at here. Section 194IC: TDS on Payment Made Under Specified Agreement Demurrage Charges. ... No question of TDS where supply is exempted from GST. Please suggest us whether TDS liability will be attracted on above bill. 21.10.1993: TC-I/87/214/2: Siding charges on trainloads running through from and to private sidings/ exchange yards. 715, dated 8-8-1995. TDS CERTIFICATES & CIRCULARS: 2019-2020. The assessee has claimed to have paid Terminal Handling Charges of Rs. The details of the scheme are enclosed herewith. Pankaj Gupta. The CFS charges a fee for this deconsolidation service, based on the volume of the cargo. It is clarified that cash handling charges may not be included under intersol charges. Revision of Terminal Charge payable to Port Trust w.e.fr. 6. v) On the facts and in the circumstances of the case and in law, the learned CIT(A) has erred in deleting the demand on account of short deduction of tax on payments of Terminal Handling charges, Container Freight Station charges and BPT charges does not fall within the purview of section u/s. No. 40(a)(ia) due to non-deduction of TDS u/s. terminal handling charges Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. ahmedabad omega shipping agencies pvt. While collecting the port handling charges or terminal handling charges, appellants have not rendered any such service under this category. Terminal Handling Charges. Whether tds is applicable for terminal handling charges charges paid? THC varies port to port of each country, as the cost of handling at each port differs one to another port, depends up on the total cost of port terminal handling at each location. Any other amount of Similar Nature (Like Addl.Ocean Freight/Addl.Demurrage/Addl.THC etc ) We hereby confirm that the entire amount payable by you to us towards freight and other charges Mediterranean Shipping Company S.A. is a world leader in global container shipping and a company that prides itself on offering global service with local knowledge. Container lift charges are negotiated between individual carriers and terminal operators. In which Head TDS Applicable & Which Amount with which Rate. For Example. M-09212401641. 1941 of the LT. Please note that he is also giving separate invoice for his Agency Charges with Service tax and we are deducting TDS on agency charges only. Terminal Handling Charges; Demurrage Charges; Any other amount of Similar Nature (Like Addl.Ocean Freight/Addl.Demurrage/Addl.THC etc ) Any other expenses not mentioned above, will be subject to deduction of TDS. TDS is cut down u/s 194IB, then TAN is not required. Asked by Wiki User. Subject: TDS rate on Terminal Handling Charges(YHC) Message: Please tell under which section tds will be deducted on Terminal Handling Charges which pay to shipping Co. by clearing Agent on behalf of Importer.-----Visitor Ip: 123.237.182.58 194C of the 1961 Act and added to business income of the assessee. Tds need not be deducted on the following category of expenses: Ocean Freight. Thus, if the time deposit is renewed after 1-7-1995, the tax deduction at source will have to be made from interest paid or credited in respect of such a time deposit. TDS on Agency Charges paid To CHA Dear Friends In Case of agency charges paid to custom house agent for clearing of material from custom whether TDS is applicable in Section 194C or under 194H i.e. No Post / Reply found for this query Showing Replies 0 to 0 of 0 Records. If you are shipping LCL and your incoterms include origin charges (e.g., Ex Works), you will also see a container freight station fee under Origin Charges on your Flexport quote/invoice. 1,54,028/- to M/s Swift Freight (I) P. Ltd. which was disallowed by the AO u/s. This scheme will come into force with immediate effect. Posted 5 years, 2 months ago by Raj Sareen. 8. No collection charges shall be paid in case the airline fails to pay the UDF invoice to AAI within … terminal handling charges Blogs, Comments and Archive News on Economictimes.com 15.05.1987: TC-I/87/214/2: Siding charges on trainloads running through from and to private sidings/ exchange yards. :91-79-26580901; fax no. Where itemized charges are levied, the concession shall be on all the relevant charges for The validity of the terminal handling charges addressed in this study relates to the period July-September, 2008, and April-June 2009. of the Act for the freight charges, terminal charges, terminal handling charges (THC) and any other amount of a similar nature collected by us on behalf of APL Co Pte Ltd in respect of goods shipped at a port in India. sea freight fcl cost freight charge inr dr 3,600.00 sea freight fcl cost terminal handling charges 20"gp inr dr 5,500.00 sea freight fcl cost seal fee inr dr 250.00 sea freight fcl cost bill of lading inr dr 2,500.00 igst cost a/c i/u gst 18% inr dr 1,485.00 tds payable tds payables 2% inr cr 237.00 cma cgm tds … CHA is raising 2 invoices One is debit note for Reimbursement and another for his services Taxable Invoice, So now how we are passing the entries for Reimbursement Invoice -- Freight on … please Help me out. Disallowance of Terminal Handling Charges to the tune 1,54,028 on account of non-deduction of TDS u/s 194C. They are still not clear whether the TDS should be on the entire bill amount or only on the service charges, according to sources in Bombay Custom House Agents Association (BCHAA). The tax liability on of terminal charges, warehousing, and cargo handling is determined based on the taxability of the principal service. Siding charges on trainloads running through from and to private sidings/ exchange yards. 13.03.1987: TCR/1078/87/34 The shiyas muhammed: On 16 February 2015 I was just surfing net to understand various charges charged by different agencies at Port in case of Import of material- Like DO charges, THC, Ground rent, CFS charges, carting charges etc.But unable to understand the activities performed at port and corresponding charges … :91-79-26585460 Trade Notice For Port Charges Collection Of Remittance Through PCS 1X From Bulk Customers: 16-Mar-2020: 28-Mar-2020: 336 KB: 5: Trade Notice Reg. 7. The Mission of the Cochin Port Trust is to provide dependable, cost-effective mission Port services through modern and efficient infrastructure coupled with high quality, customer friendly services. You need to deduct TDS on entire amount. An Advice on CONCOR 's Policy on Waiver of Terminal Service Charges. Now while making payment to CHA for those reimbursement charges shall we deduct TDS. Corporate Office. Mediterranean Shipping Company S.A. is a world leader in global container shipping and a company that prides itself on offering global service with local knowledge. Reimbursement of expenses against separate bills to C&F agents doesn’t require TDS and hence no dis allowance u/s 40(a)(1a)… ITAT Cochin bench held in the case of Assistant Commissioner of Income Tax (TDS) Vs St. Mary’s Rubbers Private Limited dismissing revenue’s appeal. Terminal handling charges varied within a port by trade route, irrespective of which terminal was being used. Download MLAS TDS Declaration_2019-20. This assumes significance as the bills presented by CHAs include a number of components like terminal handling charges, customs duties, octroi, various port charges, ocean freight and warehousing charges. In case of container related charges the concession is applicable on composite box rate. Also, we include several topics as TDS returns, TDS due dates, penalt. Terminal Handling Charges – THC. Sub: TERMINAL DEVELOPMENT SCHEME (TDS) Ministry of Railways has formulated a new Terminal Development Scheme (TDS). Documents required for non-deduction of TDS for the above expenses: Tax exemption Certificate issued by the Income tax Department. 0. The GST law, however, does not specify what happens when there is an exclusion for air transport. Terminal Handling Charges (THC) is the charges collected by terminal authorities at each port against handling equipments and maintenance. Circular : No. 1.2.1.b. commission: Replies: saili ambernath: in CHA Bill ocean fright terminal ,Handling charges, Bill of leading charges , VGM weighment charges Flat G, 2/F, Phase 2, Kingsway Industrial Building, 167-175 Wo Yi Hop Road, Kwai Chung, Hong Kong + 852 2377 3577 [email protected] 2008/TC(FM)/ 1/1(TDS) New Delhi, Dated:15.04.2008 General Managers All Indian Railways. While for freight charges on ocean … ltd. 503, 5th floor, sakar v, off ashram road, ahmedabad - 380 009; tel no. Posted On June 28th, 2019 . handling charges for ship-shore transfer and transfer from/to quay to/from storage yard including wharfage (d). ... but excluding any terminal handling charges or any cost that would be incurred after. Posts / Replies. Regards. Taxation Professionals. CONCOR's Policy On Waiver of Terminal Service Charges. Collection charges: if the payment is made within 15 days of receipt of invoice, then collection charges at INR 5.00 per departing passenger shall be paid by AAI. The Port shall manage its assets and resources for optimal economic use to the Nation and the community. Terminal Handling Charges Discahrge 88338.00 12367.00 . Be on all the relevant charges for 1.2.1.b Act and added to business Income of the assessee has claimed have... 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