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of <h1>Tonnage tax companies must meet training requirements for officers or lose scheme eligibility after five years</h1> Tonnage tax companies must comply with minimum training requirements for trainee officers as per guidelines framed by the Director-General of Shipping and notified by the Central Government. Companies must furnish a compliance certificate from the Director-General of Shipping with their income tax return. Non-compliance for five consecutive years results in cessation of the tonnage tax scheme option from the beginning of the year following the fifth consecutive non-compliant year.
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