Tax Benefits for Maritime Sector and Ease of Doing Business In order to provide the Indian shipping industry a level playing field and make it competitive at international level, the government has earlier implemented certain policies. In recent the Government of India has proposed the some tax incentives in the Union Budget 2016-17 for strengthening and promoting the Indian maritime sector. The followings are major benefits which made available by Government to Maritime Sector: Exclusion of services of transportation of import cargo by ships on voyage charter from Negative List. Freight charged by shipping companies for import of goods into India has been excluded from the Negative List and permitted availment of CENVAT credit on inputs used for providing such
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