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Companies opting for tonnage tax regime - furnishing of details regarding minimum training requirements
Applicable to:
Companies opting for tonnage tax regime
Effective Date:
1 January 2005
Superseded Circulars:
Tonnage Tax Cell Circular No. 1 of 2004
Key Changes and Requirements
1. Furnish Training Details
Companies under the tonnage tax regime must provide details about their minimum training requirements.
- Action: Furnish the information called for in the previous circular (No. 1 of 2004).
- Deadline: Most urgent basis.
2. Pay Training and Administrative Fees
Training fees and administrative fees are payable for the period 1 January 2005 to 31 March 2005.
- Fees: Training fees and administrative fees.
- Payment: Two cheques, one for training fees and one for administrative fees, drawn in the name of Maritime Training Trust (MTT).
- Forward to: A.Raghavan, CEO, MTT, c/o INSA, 2nd floor, Maker Tower F, Cuffe Parade, Mumbai 400 005 with a copy endorsed to Tonnage Tax Cell of Directorate General of Shipping.
Important Note
Non-compliance may result in the Directorate not issuing a compliance certificate to the Income Tax Authority, which could have adverse effects on the company.
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