https://www.taxtmi.com/news?id=51731 The bill expands vessel ownership eligibility, empowers the central government to detain vessels as stateless within Indian waters, and repeals the Merchant Shipping Act, 1958 to create a contemporary regulatory framework. It establishes maritime liability and compensation rules for collisions and accidents, provides for limitation of liability for specified claims, and mandates the constitution of a limitation fund, while setting out investigatory mechanisms for marine casualties. en-us Wed, 06 Aug 2025 18:31:04 +0530 Wed, 06 Aug 2025 18:31:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=51731 The bill expands vessel ownership eligibility, empowers the central government to detain vessels as stateless within Indian waters, and repeals the Merchant Shipping Act, 1958 to create a contemporary regulatory framework. It establishes maritime liability and compensation rules for collisions and accidents, provides for limitation of liability for specified claims, and mandates the constitution of a limitation fund, while setting out investigatory mechanisms for marine casualties. News - Wed, 06 Aug 2025 18:31:04 +0530 https://www.taxtmi.com/news?id=51731