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Core Purpose

The Central Government exempts foreign vessels chartered by units in the International Financial Services Centre at GIFT City, Gandhinagar, from the licensing requirement under section 11 of the Coastal Shipping Act, 2025.

Detailed Summary

This Order, S.O. 3690(E), issued by the Ministry of Ports, Shipping and Waterways on July 7, 2026, in pursuance of section 37 of the Coastal Shipping Act, 2025 (20 of 2025), grants an exemption. The Central Government hereby exempts foreign vessels chartered by a unit established in the International Financial Services Centre (IFSC) at the Gujarat International Finance Tec-City (GIFT), Gandhinagar, Gujarat, from the requirement of obtaining a license under section 11 of the said Act. The Order clarifies that for its purposes, the expression “International Financial Services Centre” shall have the meaning assigned to it in clause (g) of sub-section (1) of section 3 of the International Financial Services Centres Authority Act, 2019 (50 of 2019). The order is signed by Mukesh Mangal, Addl. Secy.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-08072026-274272 EXTRAORDINARY PART II-Section 3-Sub-section (ii) PUBLISHED BY AUTHORITY No. 3528] NEW DELHI, WEDNESDAY, JULY 8, 2026/ASHADHA 17, 1948 5116 GI/2026 THE GAZETTE OF INDIA : EXTRAORDINARY MINISTRY OF PORTS, SHIPPING AND WATERWAYS ORDER New Delhi, the 7th July, 2026 S.O. 3690(E). In pursuance of section 37 of the Coastal Shipping Act, 2025 (20 of 2025), the Central Government hereby exempts foreign vessels chartered by a unit set up in the International Financial Services Centre at the Gujarat International Finance Tec-City (GIFT), Gandhinagar, Gujarat from the requirement of a license under section 11 of the said Act. Explanation.- For the purposes of this order, the expression “International Financial Services Centre” shall have the meaning assigned to it in clause (g) of sub-section (1) of section 3 of the International Financial Services Centres Authority Act, 2019 (50 of 2019). [F. No. SR-20020/2/2020-ML] MUKESH MANGAL, Addl. Secy. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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