To mitigate the impact of the Busy Season Charge, CONCOR has decided to pass on this charge to its export-import (EXIM) customers starting from November 10, enabling customers with sufficient time to adjust to the new charge, considering the four-week period it takes for import cargo to reach India from overseas locations. This will allow importers and exporters to adapt to the increased costs without sudden disruptions.
In the domestic segment, CONCOR has already implemented the levy of the Busy Season Charge. The actual amount may vary depending on market conditions and specific cargo streams. Regarding the impact on domestic traffic, Sanjay Swarup, CMD, CONCOR pointed out that it is currently facing a minor and temporary disruption. However, this decrease in demand is primarily due to market dynamics and not solely a result of the 10 percent increase. Many consignors have dispatched large quantities of cargo, leading to full warehouses at destination locations. This situation is expected to normalize after the Deepawali festival.
