To promote
ease of doing business in the ship repair sector, the Ministry of
Shipping has simplified the procedure and eliminated the requirement of
registration of Ship Repair Units (SRUs) with Directorate General
(Shipping). Ministry of Finance and Ministry of Commerce & Industry
have been informed to extend concessions and facilities to SRUs without
insisting on the requirement of registration with DG (Shipping).
The concessions
and facilities extended to Ship Repair Units include provision of bond
facilities, duty free import of components, raw materials, consumables
and capital goods; and exemption of Central Excise duty on locally
available components and raw materials by the Department of Revenue. For
grant of such concessions or facilities, the SRUs were required to be
registered with DG (Shipping). DG Shipping was procedurally required to
consult Ministries of Commerce, Company Affairs, Finance (Revenue &
DEA), Planning Commission, Ministry of Shipping etc. before grant of
registration. This procedure was time consuming and cumbersome.
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