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Querist : Anonymous

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Querist : Anonymous (Querist)
11 July 2010 sir wht is DEMURRAGE charges cn u explain me in a simple example
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CA. Arul Mozhi Varman

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CA. Arul Mozhi Varman (Expert)
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.
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Akhil Agrawal

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