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Universal is a full-service ship chandler that provides provisions, bonded goods and deck & engine supplies to clients across the West Coast.
Ship Supply International completes acquisition of Universal Maritime
Headquartered in Southern California and with convenient access to the ports of Los Angeles, Long Beach, San Diego, Oakland and San Francisco, Universal is a full-service port logistics business, which supplies a range of products, including deck and engine supplies, provisions, cabin essentials and bonded goods. The company has built a tradition of exceptional customer service across US West Coast ports, handling time-sensitive, last-mile delivery of critical merchandise from San Diego to San Francisco.
Deal snapshot: SHIP SUPPLY INTERNATIONAL CLOSES ACQUISITION OF US PORT LOGISTICS BUSINESS UNIVERSAL MARITIME
Inter-bond transfer of bonded goods is one of the essential and important aspects/elements of the provisions pertaining to the operation of bonded warehouses/factories.
Foreign investment to face gloomy state in future
Audit report revealed that withholding tax was less paid by M/S Euro and M/s Zainab duty free shops to the tune of Rs 18.84 million by making payment of this tax on the basis of sale price of bonded goods instead of inbonding.
Loss of Rs 108.58m caused to national exchequer due to clearance of goods on fake invoices by MCC

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