https://www.taxtmi.com/circulars?id=54698 Section 172 requires voyage returns and that port clearance follow payment or satisfactory tax arrangements. For FSCs entitled to full DTAA relief, the jurisdictional AO may issue an annual NOC listing owned, chartered and pooled vessels; that annual NOC shall, in single-carrier voyages, substitute for voyage NOC and be accepted by Customs for PCC. Where multiple DTAA-eligible FSCs supply cargo, a CA certificate plus copies of annual NOCs shall be filed instead of voyage NOCs. Otherwise a voyage NOC from the Port AO remains necessary. Port AOs must honor annual NOCs in voyage assessments or forward details to the AO issuing the annual NOC when annual assessment is elected. en-us Fri, 26 Aug 2016 00:00:00 +0530 Sat, 27 Aug 2016 12:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=54698 Section 172 requires voyage returns and that port clearance follow payment or satisfactory tax arrangements. For FSCs entitled to full DTAA relief, the jurisdictional AO may issue an annual NOC listing owned, chartered and pooled vessels; that annual NOC shall, in single-carrier voyages, substitute for voyage NOC and be accepted by Customs for PCC. Where multiple DTAA-eligible FSCs supply cargo, a CA certificate plus copies of annual NOCs shall be filed instead of voyage NOCs. Otherwise a voyage NOC from the Port AO remains necessary. Port AOs must honor annual NOCs in voyage assessments or forward details to the AO issuing the annual NOC when annual assessment is elected. Circulars Income Tax Fri, 26 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/circulars?id=54698