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India extends service tax on freight

Indian authorities have recently extended the service tax on ocean freight, payable under the Finance Act 1994 (“Service Tax”), to cargoes imported on a CIF basis. The amendments to the Act in this regard came into effect from 22 January 2017. This Service Tax has been levied since June 2016 over freight on cargoes imported … Continue Reading

British Chamber of Shipping publishes Bribery Act 2010 Guidelines

The British Chamber of Shipping has published guidelines to the UK Bribery Act 2010 (the “Act”), which came into force on 1 July 2011. The purpose of the guidelines is stated as being “to provide general background and highlight points to be taken into account when considering issues raised by the Bribery Act”. The guidance … Continue Reading