Govt Extends Discount on Cargo Movement Between India and Iran’s Chabahar Port to Boost Trade

The government on Friday said it has extended the current 40 per cent discount on cargo movement between India and Chabahar port in Iran for one year to boost trade. Chabahar port, located in Iran’s Sistan-Balochistan province, lies outside the Persian Gulf and is easily accessed from India’s western coast, bypassing Pakistan.

“The Ministry of Shipping has extended the current concessional rate of 40 per cent discount for coastal movement of cargo and vessel-related charges, for a period of further one year to clients for cargo being handled at Jawaharlal Nehru Port and Deendayal Port from/to Shahid Beheshti Port, Chabahar, Iran,” the ministry said in a statement. The levy of concessional Vessel Related Charges (VRC) is to be applied proportionately, subject to vessel loading at least 50 TEUs (twenty-foot equivalent unit) or 5,000-tonne cargo to Shahid Beheshti Port.