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DOMESTIC LEASING

Leasing of domesticated containers in India

FAQ: DOMESTIC LEASING

In some countries, including India, the container needs to be “domesticated” by paying the customs duty on the depreciated value of the container for use within the country (DTA – ‘Domestic Tariff Area’).

The six month period provided by the customs to give the container operator time for the following activities- import, free days to consignee, movement to ICD for loading, repair for export etc. Carriage of domestic cargo during this period is illegal.

Any container can be sold as per agreement terms once the domestication is done.

Domestic containers are available on short term and long term leases depending on the agreement between the leasing company and lessee.

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