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    <title>Application for exercising / renewing option for the tonnage tax scheme under sub-section (1) of section 115VP or sub-section (1) of section 115VR of the Income-Tax Act, 1961</title>
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    <description>Application to the Joint Commissioner for exercising or renewing the tonnage tax scheme must include a completed Annexure (Part A for all applications; Part B for renewals), declarations that the applicant is an Indian company with place of effective management in India, details of owned and chartered qualifying ships, supporting corporate and ship certificates, and a verification signed by the authorised corporate officer; incomplete submissions will be treated as such and specified evidentiary and signature rules apply.</description>
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