https://www.taxtmi.com/circulars?id=10439 Taxation of shipping companies must be computed so the total tax collected on carriage from an Indian port to the port of ultimate destination does not exceed a fixed proportion of payments made by the Indian exporter to owners of the mother and daughter vessels, whether paid individually or collectively; field officers are to be informed and implement this computation rule. en-us Fri, 21 Jan 1994 00:00:00 +0530 Tue, 14 Jun 2011 13:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=10439 Taxation of shipping companies must be computed so the total tax collected on carriage from an Indian port to the port of ultimate destination does not exceed a fixed proportion of payments made by the Indian exporter to owners of the mother and daughter vessels, whether paid individually or collectively; field officers are to be informed and implement this computation rule. Circulars Income Tax Fri, 21 Jan 1994 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10439