115V. In this Chapter, unless the context otherwise requires,\u2014<\/p>\n
(a) “bareboat charter” means hiring of a ship for a stipulated period on terms which give the charterer possession and control of the ship, including the right to appoint the master and crew;<\/p>\n
(b) “bareboat charter-cum-demise” means a bareboat charter where the ownership of the ship is intended to be transferred after a specified period to the company to whom it has been chartered;<\/p>\n
(c) “Director-General of Shipping” means the Director-General of Shipping appointed by the Central Government under sub-section (1) of section 7 of the Merchant Shipping Act, 1958 (44 of 1958);<\/p>\n
(d) “factory ship” includes a vessel providing processing services in respect of processing of the fishing produce;<\/p>\n
(e) “fishing vessel” shall have the meaning assigned to it in clause (12) of section 3 of the Merchant Shipping Act, 1958 (44 of 1958);<\/p>\n
(f) “pleasure craft” means a ship of a kind whose primary use is for the purposes of sport or recreation;<\/p>\n
(g) “qualifying company” means a company referred to in section 115VC;<\/p>\n
(h) “qualifying ship” means a ship referred to in section 115VD;<\/p>\n
(i) “seagoing ship” means a ship if it is certified as such by the competent authority of any country;<\/p>\n
(j) “tonnage income” means the income of a tonnage tax company computed in accordance with the provisions of this Chapter;<\/p>\n
(k) “tonnage tax activities” means the activities referred to in sub-sections (2) and (5) of section 115V-I;<\/p>\n
(l) “tonnage tax company” means a qualifying company in relation to which tonnage tax option is in force;<\/p>\n
(m) “tonnage tax scheme” means a scheme for computation of profits and gains of business of operating qualifying ships under the provisions of this Chapter.<\/p>\n","protected":false},"excerpt":{"rendered":"
115V. In this Chapter, unless the context otherwise requires,\u2014 (a) “bareboat charter” means hiring of [\u2026]<\/span><\/p>\n","protected":false},"author":68,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3517,446],"tags":[],"yst_prominent_words":[3534,3522,3528,3533,3524,3519,3529,3531,3526,3520,3518,3063,3535,1437,3532,3525,3521,3530,3523,3527],"_links":{"self":[{"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/posts\/3987"}],"collection":[{"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/users\/68"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/comments?post=3987"}],"version-history":[{"count":0,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/posts\/3987\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/media?parent=3987"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/categories?post=3987"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/tags?post=3987"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/yst_prominent_words?post=3987"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}