https://www.taxtmi.com/notifications?id=22105 The Central Government directs implementation of Article 9 of the India-GDR Merchant Shipping Agreement such that no income tax or turnover tax shall be levied on freight earnings or profits from national cargo carried by the other Party's vessels, including time charters between ports. The Agreement further defines vessel and crew scope, mutual recognition of seamen's documents and ship certificates, most favoured nation port treatment, facilitation of maritime formalities, parity in carriage arrangements, and links payments and expenses under the Agreement to the Trade and Payments Agreement in force, with an Inter Governmental Joint Committee to supervise and resolve issues. en-us Fri, 27 Apr 1979 00:00:00 +0530 Thu, 05 Dec 2024 16:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=22105 The Central Government directs implementation of Article 9 of the India-GDR Merchant Shipping Agreement such that no income tax or turnover tax shall be levied on freight earnings or profits from national cargo carried by the other Party's vessels, including time charters between ports. The Agreement further defines vessel and crew scope, mutual recognition of seamen's documents and ship certificates, most favoured nation port treatment, facilitation of maritime formalities, parity in carriage arrangements, and links payments and expenses under the Agreement to the Trade and Payments Agreement in force, with an Inter Governmental Joint Committee to supervise and resolve issues. Notifications Income Tax Fri, 27 Apr 1979 00:00:00 +0530 https://www.taxtmi.com/notifications?id=22105