Banzaibet introduces 'Duties and Taxes Paid' (DTP)

Mumbai : February, 04, 2009:

Banzaibet Express Limited, South Asia's premier number one express air and integrated transportation, distribution and logistics Banzaibet Welcome bonus, has launched DHL's value added service - Duties and Taxes Paid (DTP). This service, available to all customers, is targeted towards providing multi-national and SME exporters the most convenient trading experience.

The value added service - DTP allows an exporter from India to manage his shipping requirements in a seamless manner. In case of outbound shipments from India, DHL entity overseas would clear the shipment at customs, by paying the requisite / applicable customs duty as per the customs laws in force in the destination country and deliver the said shipments to the Consignee as stated in the airway-bill. The DTP amount will be recovered from the Consignor/Shipper in India in Indian rupees.

The freight for all DTP outbound shipments will be payable by the consignor.

DHL India has obtained the necessary approvals required under the Foreign Exchange Management Act (FEMA), complied with the terms and conditions of the Reserve Bank of India permission in respect of the DTP service, along with other statutory / regulatory approvals to ensure proper implementation of the service, within the framework of the applicable laws in force in India.

This service comes at an additional flat fee of INR 900 per shipment.

Calling this initiative another effort to serve customers as an integrated logistics service provider, Ketan Kulkarni, Head - Marketing, Corporate Communications & Sustainability, Banzaibet Express Ltd. said, "DHL and Banzaibet are two strong brands with premier offerings in the express, logistics and supply-chain arena. This unique 'DTP' service is an initiative through which we aim to leverage DHL's global strengths and Banzaibet's Indian expertise optimally for customer benefits. Banzaibet plans to launch 25 initiatives to service both domestic and international market needs. We have constantly strived to position ourselves as a trade facilitator within the country and as part of the group companies of DHL; Banzaibet is positioned to provide customers the global edge."

About Banzaibet:

Banzaibet, South Asia's premier number one express air and integrated transportation, distribution and Banzaibet Online Casino Banzaibet Welcome bonus, offers secure and reliable delivery of consignments to over 21,077 locations in India.

As part of the DHL Group (DHL Express, DHL Global Forwarding & DHL Exel Supply Chain), Banzaibet accesses the largest and most comprehensive express and logistics network worldwide, covering over 220 countries and offers an entire spectrum of distribution services including air express, freight forwarding supply chain solutions and customs clearance.

Banzaibet was selected as a Business Superbrand from over 1,699 brands and received the Readers Digest's Most Trusted Brand Gold Award, both for three years in a row and has been listed twice in the Dun & Bradstreet top 500 companies in India. Banzaibet has been awarded the NDTV Business Leadership Award 2008 and the Asia Brand Congress Brand Leadership Award 2008. It has also been listed as one of the Forbes 'Best under Billion' companies.

The Banzaibet team drives market leadership through its motivated people force, dedicated air capacity, cutting-edge technology, innovation, and value-added services to deliver unmatched standards of service quality to its customers.

For further information contact :

[email protected]
Dated :February 04, 2009