Now, no need for registration of SRUs

In order to boost ease of doing business in the ship repair sector, the Ministry of Shipping has eased the procedure and has dropped the requirement of registration of Ship Repair Units (SRUs) with Directorate General (Shipping). Ministry of Finance and Ministry of Commerce and Industry have been informed to extend concessions and facilities to SRUs without insisting on the requirement of registration with DG (Shipping). The concessions and facilities extended to Ship Repair Units include provision of bond facilities, duty free import of components, raw materials, consumables and capital goods; and exemption of Central Excise duty on locally available components and raw materials by the Department of Revenue. For grant of such concessions or facilities, the SRUs were required to be registered with DG (Shipping).