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<h1>Companies Can Choose Tonnage Tax Scheme by Applying to Joint Commissioner with Specific Eligibility and Timeline Conditions</h1> A qualifying company may opt for the tonnage tax scheme by submitting an application to the Joint Commissioner. The application can be made during specified time periods based on company incorporation date. The Joint Commissioner must scrutinize the application, either approving or refusing the option within a prescribed timeframe. If approved, the tonnage tax scheme provisions apply from the relevant assessment year. The process ensures systematic evaluation of companies seeking to utilize the tonnage tax scheme.