Special levy on non-resident shipping: bonding and return rules set procedures for tax recovery before ship departure. Amendments extend the pre-departure tax recovery regime to non-resident shipping concerns with agents and set taxable income for carriage at 7.5% of amounts paid or payable. For regular liner operators, assessing officers may accept a guarantee bond (and bank guarantee if needed) to permit departure, with the statutory return to be filed within thirty days and the complete freight manifest within four weeks; masters/agents must notify port tax officers of arrival and departure and send copies to the assessing officer. Defaults require immediate enforcement of guarantees and withdrawal of authority to Customs.
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Provisions expressly mentioned in the judgment/order text.
Special levy on non-resident shipping: bonding and return rules set procedures for tax recovery before ship departure.
Amendments extend the pre-departure tax recovery regime to non-resident shipping concerns with agents and set taxable income for carriage at 7.5% of amounts paid or payable. For regular liner operators, assessing officers may accept a guarantee bond (and bank guarantee if needed) to permit departure, with the statutory return to be filed within thirty days and the complete freight manifest within four weeks; masters/agents must notify port tax officers of arrival and departure and send copies to the assessing officer. Defaults require immediate enforcement of guarantees and withdrawal of authority to Customs.
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