TDS is one of Hong Kong's leading freight forwarders. In ITO vs. Dr. Willamer Schwable India (P) Ltd. [3 SOT 71 (Del. However, the assessee paid the demurrage charges without deducting the TDS u/s 194-I of the Act. Please refer the provisions of TDS for the same. 715 dated August 8, 1995 has replied as under: “The clearing and forwarding agents act as independent contractors. 2) On Dock CY refers to a Container Yard that is situated within the port area.. Customs duties 3. It will not under contract ot Rent but Professional services. TDS … 723/1995. Section 194C of the Income Tax Act, 1961 states that any payment to a transporter is subject to a Tax Deduction at Source (TDS) at the rate of: 1% in case if the payee is an Individual or a Hindu Undivided Family, and 2% in case of other payees (i.e. Synopsis. Comment. )], the Tribunal has held that reimbursement of actual expenses where no profit element is involved, is not liable for the TDS. Share. LAWyersclub expert to take part in this query . Cargo which cannot be safely handled with forklift blades C. Cargo for which shipper has provided special handling procedures All cargo subject to Port of Houston Security Charge of $0.17 per 2,000 lbs. 0. 24 November 2009 Port Trust is a taxable entity and hence TDS is to be deducted on certain payments such as rent or contractor payments. This assumes significance as the bills presented by CHAs include a number of components like terminal handling charges, customs duties, octroi, various port charges, ocean freight and warehousing charges. Symbols of United Nations documents are composed of capital letters combined with figures. Terminal Handling Charges By Port, Trade and Carrier 17 Post Conference THC Rates 19 Carriers Response to the Post Conference System 19 Impact of the Repeal on THC Levels 20 Database Updating 27 Post October 2008 Conclusions 28 Appendix A: Pre October 18, 2008 THC Charges by Port for Ten Largest Shipping Operators 29 Appendix B: Post October 18, 2008 THC Charges by Port for Ten … TDS on courier charges is required to be deducted under Section 194C of Income Tax Act 1961.. Rate and Amount for deduction of TDS. TDS should be decuted after applying the provision relating to TDS ON PROFESSIONAL SERVICES. Section 194J – TDS on Fees for Professional or Technical Services. storage, handling and transport process. Port charge to shippers and assumed share of ocean freight which is the port charge to shipping lines, as a percentage of the overseas c.i.f. TDS is one of Hong Kong's leading freight forwarders. TDS should be decuted after applying the provision relating to TDS ON PROFESSIONAL SERVICES. hireshdesai February 22, 2013 March 10, 2013 Income Tax. Print. 3,03,930/- in respect of Cargo handling Charges is hereby directed to be deleted." Stored Grain means Grain that is received from, on behalf of, or for the account of the Customer under the terms of this Agreement and is within T-Ports’ power, possession, custody or control. Terminal Handling Charges London Heathrow Airport All charges effective from 1 April 2019 Export Charges £ per kilo £ min Import Charges £ per kilo £ min All charged at cost plus 10% General Charges £ per kilo £ min Please note: All charges are subject to alteration without prior notice. TDS provisions not applicable on internet leaseline charges u/s 194-I 194C or 194J of Income Tax Act as assessee only availed internet connection and was not using any asset, plant or machinery which involved payment of rent. Gain access to unlimited paid content by subscribing to our portals or simply Register/Sign In to access the free content across the portals! M/s. “Cheer” star Jerry Harris has been arrested on charges of felony production of child pornography New York, 1975. Reg ITC In GSTR-2A or GSTR-2B to be taken lots of Confusion, Interest paid in challan but not shown in GSTR 3B return, Capital Gain on Unlisted Shares sold to Foreign, GST rate on (only) loading and unloading charges, Unable to do reconcilation summon received. If the transporter is a resident,then, section 194C will be applicable as it covers transort charges paid for transport of goods/passengers by ANY mode of transport. If yes pls kindly give details. 04 November 2010 While making/credit to payments in respect of cargo handling services to a company TDS were deducted under Section 194C. 7 of Circular No. SECTIONS. Since the payment exceeds 30,000 TDS should be deducted. Geneva Port pricing . 24 November 2009 Port Trust is a taxable entity and hence TDS is to be deducted on certain payments such as rent or contractor payments. TDS has been forced to filter SMTP port 25 in an attempt to cut down on the amount of spam being sent from the TDS Network. They are not clearly understood by many buyers and sellers, and so are the frequent cause of disputes, especially as the Incoterms 2010 rules offers limited guidance. ... A port clearance shall not be granted to the ship until the Collector of Customs, or other officer duly authorised to grant the same, is satisfied that the tax assessable under this section has been duly paid or that satisfactory arrangements have been made for the payment thereof. price of selected West and Central African countries, 1963,1964 32 India's largest network for finance professionals. Whether the TDS will apply on C & F agents ( Clearing & Forwarding Agents) is an issue which is hotely debated . Abc Small. Terminal Handling Charges are made by operators of container terminal facilities at both ends of the journey. In this case TDS applicable on charter hire or not. ITAT:TDS applicable only on 'service charges' portion of port handling payments to agent. Assume in your Flipkart invoice first month (April 2016) commission fee is not more than Rs 2000 then you need not pay TDS. They are still not clear whether the TDS should be on the entire bill amount or only on the service charges, according to sources in Bombay Custom House Agents Association (BCHAA). Abc Large. In the following judgement it was decided that the there is no TDS on Internet Charges /Leased line. Effective as of April 1, 2019 and valid until further notice the THC for all Mainland China ports will be adjusted by the following quantum: 27,00,497/- only. ITAT Amritsar, in a recent judgment has held that shipping charges (Inland haulage charges, Terminal handling charges, Bunker adjustment factor, Cost adjustment factor, etc) using non-resident shipping are not liable to TDS u/s 172(8) as supplemented by CBDT Circular No. Read more if such transaction is supposed to go to the consumer, expressly. It is, however, to be noted that a port trust, being a local authority, is exempt from income-tax in respect of income accruing from the supply of a service within its own jurisdictional area and, as such, lighterage charges received by it will not be liable to tax in its own hands. Important Case Laws Cited/relied upon by the parties: View Subscriptions. Take expert view on TDS on port charges, SC tells CBDT. The charges you mentioned are not storing charges, but professional charges. Freight Charges 5. We find that the Ld. Hierzu gehört beispielsweise die Entladung des Containers vom anliefernden LKW, Lagerung sowie der Transport vom Lagerplatz zur Ladebrücke. TD/B/C.4/110/Rev.l. TDS will be deducted at the rate of 1% or 2% as the case may be; based on the transport contractor’s status which can be identified by the 4 th alphabet of the PAN. Circular 93 of 26th September, 1972. Storage and Handling Fees means those storage and handling fees as are set out in the terms of this Agreement. TDS on Taxi Charges u/s 194 I is applicable if user has control over Taxi: It is depended on contract details. Our Agent have charges us various charges under following heads: - 1).Port CFS Charges 2).Container transfer charges 3).Empty container unloading charges 4).Calcutta port tax 5).Container handling cargo examination charges 6).Forwarding agency charges 7).D O fees 8).Carrier DO fees. The interconnect charges/port access charges cannot be regarded as fees for technical services. Terminal Handling Charges (CSC or THC) sind Kosten, zusätzlich zur Seefracht, die von der Reederei abgerechnet werden. Mention of such a symbol indicates a reference to a United Nations document. Next. The ones that I have heard about are from Royal Mail, they charge an £8 fee plus the VAT, if VAT is chargeable, that is if the item value is over £15, it is paid on the postage as well. The demurrage charges were paid to a foreign company which was liable to tax u/s 172 of the Act. "Guaranteed." 723/1995. I am also of the considered opinion that the provisions of TDS u/s 194C are applicable to the payments in respect of Cargo Handling Charges. (adsbygoogle = window.adsbygoogle || []).push({}); Join LAWyersclubindia.com and Share your Knowledge. To be deducted 93 Dear Antonio 20, 2010, 04:01 AM IST of. November 2010 While making/credit to payments in respect of cargo handling charges can cover a range! 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