Easy Office
LCI Learning

general

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
11 July 2010 sir wht is DEMURRAGE charges cn u explain me in a simple example

12 July 2010 When you import goods, once the goods reaches Indian Port, the importer has to pay the duty and clear the goods. The Liner will give you free days (usually 14 days) from the date of unloading for clearing the goods. After 14 days, the importer will be charged a penalty/rent by the Liner. This charge is called demurrage charges. Without paying the demurrage charges, the importer cannot clear the goods from the port.

12 July 2010 and one more thing these Demuurage charges are very High & sometime goes 3 to 4 times the value of goods




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries




Answer Query