40 per cent concession on cargo movement between India and Chabahar port extended for one year

The MoS has extended the current concessional rate of a 40 per cent discount for coastal movement of cargo and vessel-related charges (VRC) for another year for cargo being handled at JNPT and Deendayal port to and from Shahid Beheshti port, Chabahar, Iran. The levy of concessional VRC is to be applied proportionately, subject to vessels loading at least 50 twenty-foot equivalent units (TEUs) or 5,000 tonnes of cargo at the Iranian port.