Govt asks major ports to defer rentals, waive charges, penalty in view of EXIM cargo drop

NEW DELHI: Noting a drop in export-import (EXIM) cargo due to supply chain disruptions on account of the COVID-19 pandemic, the government has asked India’s all 12 major ports to defer the lease rentals and licence fees-related charges for April, May and June.

They have been asked to waive rentals in proportion to the cargo drop and not to levy penalties.

In a letter, the shipping ministry has asked the ports to provide relief in the form of exemptions/ remission of charges to ..

It added that the logistics chains are going through an unusual and massive shock from disruptions on the supply side as well as the demand side.