Part DCA - Safe Harbour Rules for income referred to in clause (i) of sub-section (1) of section 9 chargeable to tax under the head (From Rule 10TI to Rule 10TIC)
Deemed tonnage rules govern slot charter and break-bulk vessel sharing under the tonnage tax scheme. Deemed tonnage under the tonnage tax scheme is prescribed for slot purchase, slot charter and sharing of break-bulk vessels. For slot arrangements, 2.5 TEU equals 1 net tonnage. For break-bulk vessel sharing, deemed tonnage is computed at 19 cubic metres equals 1 net tonnage where cargo is volume-restricted, and 14 metric tons equals 1 net tonnage where cargo is weight-restricted.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Deemed tonnage rules govern slot charter and break-bulk vessel sharing under the tonnage tax scheme.
Deemed tonnage under the tonnage tax scheme is prescribed for slot purchase, slot charter and sharing of break-bulk vessels. For slot arrangements, 2.5 TEU equals 1 net tonnage. For break-bulk vessel sharing, deemed tonnage is computed at 19 cubic metres equals 1 net tonnage where cargo is volume-restricted, and 14 metric tons equals 1 net tonnage where cargo is weight-restricted.
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