Blog Preview
Calculation on net Tonnage factor for Financial year 2016-17 (AY 2017-18) to be used by Tonnage Tax Companies having space / Slot arrangements.
Applicable to:
Tonnage Tax Companies having space / Slot arrangements
Effective Date:
Financial Year 2016-17 (AY 2017-18)
Superseded Circulars:
None mentioned
Key Changes and Requirements
1. Net Tonnage Factor Calculation
The Net Tonnage Factor for the financial year 2016-17 (AY 2017-18) has been calculated as 8437.
This factor should be used in conjunction with the Net Tonnage of slot/space charters calculated under the CBDT notification dated 29.03.05 to work out the minimum training requirement for such arrangements for the FY 2016-17.
Net Tonnage Factor for FY 2016-17: 8437
Want to learn and share your knowledge about the maritime world?
Explore the Blog app on Navvyx - Get maritime insights from across the world in one place.