https://www.taxtmi.com/circulars?id=9392 Agreements provide a mutual exemption from income tax on freight earnings and turnover tax for vessels on bilateral voyages between contracting ports, including time chartered vessels, based on reciprocity. The exemption is limited to cargo between the two countries; freight earnings from cargos meant for third countries remain taxable. en-us Mon, 23 Feb 1981 00:00:00 +0530 Sat, 04 Jun 2011 16:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=9392 Agreements provide a mutual exemption from income tax on freight earnings and turnover tax for vessels on bilateral voyages between contracting ports, including time chartered vessels, based on reciprocity. The exemption is limited to cargo between the two countries; freight earnings from cargos meant for third countries remain taxable. Circulars Income Tax Mon, 23 Feb 1981 00:00:00 +0530 https://www.taxtmi.com/circulars?id=9392