Saturday, November 16, 2013

win-win situation for CONCOR & EXIM traders

Source:http://www.sagarsandesh.com/news/a-win-win-situation-for-concor-exim-traders/

In order to facilitate both EXIM and domestic consignments at Irugur Inland Container Depot (ICD), Container Corporation of India Ltd. (CONCOR) had requested Indian Customs for de-notifying a part of the area.
Based on the request, Commissioner of Customs, Coimbatore, has partially de-notified CONCOR’s ICD at Irugur recently.
According to EXIM players, the de-notification would help CONCOR’s ICD at Irugur get more business in the coming weeks. CONCOR has a facility of 43 acres at ICD-Irugur, handling EXIM cargo at present. There are two warehouses having capacity of 20, 000 sq. ft. and 30,000 sq. ft. respectively.

With this de-notification, apart from handling EXIM cargo, CONCOR can handle coastal and domestic cargo also.
CONCOR has 63 terminals all over India wherein EXIM / Domestic activities are taking place and ICD-Irugur has now become part of the network.
According to official sources, with the partial de-notification, CONCOR is now able to serve the industrial belt in and around Coimbatore area for supply of raw materials and dispatch of finished goods for both domestic and international.
To utilize the Custom’s latest order fully in its favour, CONCOR is now proposing to run regular trains between Vallarpadam and ICD-Irugur for committed vessel connectivity.
There is persistent demand from coastal cargo segment for these train services. Once the volume picks up, Bangalore – Vallarpadam trains would also be routed via Irugur in order to pick up traffic between Irugur and Bangalore also.
A senior official has requested the EXIM trade to utilize the opportunity, which would be a win-win situation for both CONCOR and the traders.

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