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    <title>Computation of average of net tonnage for charter-in of tonnage</title>
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    <description>Rule 11S sets out the method for computing the average net tonnage limit for charter-in of tonnage under the tonnage tax scheme. The calculation is made by dividing the total number of chartered-in ton days by the total number of ton days operated by the company during the previous year. It functions as the prescribed computational mechanism for determining the charter-in limit for qualifying ships.</description>
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    <pubDate>Sat, 19 Jan 2008 22:45:54 +0530</pubDate>
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      <title>Computation of average of net tonnage for charter-in of tonnage</title>
      <link>https://www.taxtmi.com/acts?id=3726</link>
      <description>Rule 11S sets out the method for computing the average net tonnage limit for charter-in of tonnage under the tonnage tax scheme. The calculation is made by dividing the total number of chartered-in ton days by the total number of ton days operated by the company during the previous year. It functions as the prescribed computational mechanism for determining the charter-in limit for qualifying ships.</description>
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