Inclusion of new inland vessels in section 115VT extends statutory tax classification to inland shipping assets.

Amendment inserts "or new inland vessel, as the case may be" after the words "new ship" in sub section (3); substitutes a parallel phrase in sub section (4)(c) to cover "ship or inland vessel, as the case may be"; and amends the Explanation so the defined term reads "new ship or new inland vessel, as the case may be," thereby extending the provision's classification and application to inland vessels under section 115VT, effective 1 April 2026.

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