https://www.taxtmi.com/acts?id=6738 Shipping companies under the tonnage tax scheme must maintain trainee officers on qualifying ships to meet an annual minimum training man days requirement calculated by ship ownership or charter type; trainee eligibility, recruitment through the Maritime Training Trust roster, fee collection and deposit procedures, record keeping, notification and annual reporting to the Director General of Shipping are prescribed, with verification powers, carry forward rules for limited shortfalls, and monetary payment options and penalties for significant non compliance. en-us Sat, 19 Jan 2008 22:45:54 +0530 Mon, 08 Dec 2025 10:44:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=6738 Shipping companies under the tonnage tax scheme must maintain trainee officers on qualifying ships to meet an annual minimum training man days requirement calculated by ship ownership or charter type; trainee eligibility, recruitment through the Maritime Training Trust roster, fee collection and deposit procedures, record keeping, notification and annual reporting to the Director General of Shipping are prescribed, with verification powers, carry forward rules for limited shortfalls, and monetary payment options and penalties for significant non compliance. Act-Rules Direct Taxes Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=6738