LOGISTICS

One of the oldest elements of business operation is Logistics. No commercial activity is possible without logistical support. Despite its fundamental, historical foundation, logistics is undergoing dramatic changes. Many observers feel that logistical management is experiencing a renaissance. Information technology is at the core of this change and is the enabler of the integrated logistics concept. The availability of timely, accurate, inexpensive information is opening the door for unprecedented quality and productivity improvements in the logistics process.

Logistics Information Center has been developed to meet the needs of those interested in finding solutions to logistics problems. As a logistics service provider PSB endeavours to educate its clients on all matters of logistics with special emphasis on cost reduction advice in the long and complicated logistics chain. With this aim, we bring to you the necessary information on logistics matters. This information may help you to some extent in streamlining your logistics operation and help in better decision making.

This duty is leviable on the assessable value. The basic customs duty rates are 0%, 15%, 25%, 30 % or35%. The duty rates are dependant upon the tariff classification of the items of import. The applicable duty rate would be arrived at after taking into account the relevant notification applicable to the chapter under which the item has been classified. This is a duty chargeable in lieu of sales tax and the general rate is 4 %. Specific exemption notifications may also be applicable. The special additional duty is leviable on assessable value + basic customs duty + CVD.

Logistic costs increase drastically if the shipment has to lie for long period in the port area. A logistic service seeker must be aware of the charges applicable at inland container depots and ports. Most shipping lines give a free period of 5 days for destuffing of cargo from containers.