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of <h1>PSA SICAL Terminals Ltd Approved for Tax Benefits Under Section 10(23G) for Container Terminal Operations Until 2029-30.</h1> M/s PSA SICAL Terminals Ltd has been approved by the Central Government under section 10(23G) of the Income-tax Act, 1961, effective from the assessment year 2000-01 to 2029-30, as per the license agreement with Tuticorin Port Trust dated July 15, 1998. This approval is contingent upon compliance with section 10(23G) and rule 2E of the Income-tax Rules, 1962. The approval may be revoked if the enterprise ceases eligible business activities, fails to maintain and audit accounts, or does not submit the required audit report. The enterprise is involved in the development and operation of a container terminal at Tuticorin Port.
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