Uncategorised
Posted on October 27, 2009

Logistics operators in India are expecting great things of the national sales tax which the Government is planning to introduce next year.  The current tax system is very complicated, with a large variety of different taxes and duties chargeable on goods moving between the different states in India.  This is a barrier to trade, and to foreign companies who wish to establish businesses in the country.  Industry commentators are confident that the removal of these barriers and their replacement with one sales tax for the whole country, will cause a huge increase in demand for freight.  Foreign companies will be encouraged to invest, as they will be able to set up only three or four logistics distribution centres to serve the whole country, and the logistics market will be able to consolidate.  It is estimated that exports will increase by 10 – 14%.

exports China imports Brexit Europe Seafreight Netherlands Japan exports freight forwarders containers Germany France Ireland importers rail freight China Finland Norway shipping import ports Freight Shipping International Freight Hong Kong U.S.A Switzerland Turkey logistics cargo Vietnam wine USA freight Spain Sweden India Australia waste freight forwarding container air freight South Africa italy export Denmark exporters Poland Swedish Canada Covid-19