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What is the difference between transit and transshipment?
EbenezerAmponsah
TRANSIT-
1. The goods are transit in same conveyance which the goods brings into India.
2. No such additional documents required for carrying the goods from first port to another port.
3. Transit of goods are covered under section 53 of the Customs Act, 1962.
4. Laibility of duty are covered under section 55 of the Customs ACt, 1962 which the goods are transit.
TRANSHIPMENT -
1. The good are transhipment in the conveyance other than the conveyance which the goods brings into india.
2. Additional documents required for carrying the goods from first port to another port.
3. Transhipment of goods are covered under section 54 of the Customs Act, 1962.
4. Laibility of duty are covered under section 55 of the Customs Act, 1962 which the goods are transhipment.
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∙ 10y ago
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