<h1>Tonnage tax scheme application requires company details, vessel records, renewal history, and supporting annexures for verification.</h1> Application for exercising or renewing the option for the tonnage tax scheme requires disclosure of company particulars, qualifying status, ship and inland vessel ownership or charter details, and supporting annexures. For renewal, earlier option history, compliance status, exclusion from the scheme, and voluntary opt-out details must also be furnished. The form includes declarations on Indian company status, place of effective management in India, ownership of qualifying ships, and operation of ships or inland vessels. It must be filed with the jurisdictional Joint Commissioner and signed and verified by the appropriate company signatory.