‘18% GST on airfreight, 5% on ocean freight will upset trade balance’

Urging the government to end the GST exemption notification, Jaideep Raha, Managing Committee Member, ACAAI and Managing Director at Jetex Ocean Air said, “One word very – disappointing. There should be a permanent exemption to make it economical. The GoI must understand India is still not Germany, Japan, or South Korea. We still export low value products and perishables items. This 18 per cent on air freight and 5 per cent on ocean freight impact will be an impediment to our exports and will greatly upset Balance of Trade. Since US$ and € is all time high thus restricting our Imports.”