Are you an Exporter? Yes? This is for you. Imagine you are at a coffee shop in Paris. You order a coffee at the menu price of €3. Then comes the bill with the following charges: ⁃ Table Charges⁃ Sugar sachet charge⁃ Paper tissue charge⁃ Service charge⁃ And bill making charges.
Sounds familiar? Isn’t this what shipping companies and forwarders are doing every time you export?BL Charges, Documentation charges, Handling charges, QHSE charges, VGM charges…..the creative list goes on. Such irrational greed for profiteering increases transaction costs; and costs India its competitive advantage.
It is time that a regulator like SEBI or IRDA be created and empowered on the lines of The Federal Maritime Commission (FMC), US, for this very critical aspect of the India story, if we truly wish to become a $5 trillion economy? If you agree, please sign and we will reach this to the Prime Minister’s office.