Tonnage tax companies must meet training requirements and submit compliance certificates for sea and inland vessels. A tonnage tax company, after approval of its option, must satisfy the minimum training requirement for trainee officers per guidelines issued by the ... Summary
Tonnage tax companies must meet training requirements and submit compliance certificates for sea and inland vessels.
A tonnage tax company, after approval of its option, must satisfy the minimum training requirement for trainee officers per guidelines issued by the Director-General of Shipping or the Inland Waterways Authority of India and must attach a certificate from the Director-General or the designated State authority under the Inland Vessels Act, 2021, with its return of income under section 263 confirming compliance; consultation for average net tonnage computation may be with either authority.
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