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High duties hurt Alang prospects
Piyush Pandey / Ahmedabad June 16, 2005
The stringent environment laws and high Customs duties have made the Alang ship breaking yard unattractive for shipping entities.
 
None of the 100 ships that are to be scrapped following a recent International Maritime Board (IMB) decision will arrive at Alang. They will instead go to ship breaking yards in China, Pakistan and Bangladesh, where the norms are not that stringent.
 
Customs duty is zero per cent in China, five per cent in Pakistan and Bangladesh, and between eight and ten per cent in India. ...  Read



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Updated:03-09-10 19:18 hrs IST
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