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Calculation of Net Tonnage factor for Financial Year 2017-18 (AY 2018-19) to be used by Tonnage Tax Companies having Space/Slot arrangement.
Applicable to:
Tonnage Tax Companies having Space/Slot arrangements
Effective Date:
Financial Year 2017-18 (AY 2018-19)
Superseded Circulars:
None mentioned
Key Changes and Requirements
1. Net Tonnage Factor Calculation
The Net Tonnage Factor for the financial year 2017-18 (AY 2018-19) is 10,016.
- Calculation: Aggregate Net Tonnage of qualifying ships divided by the total number of such ships at the end of the preceding financial year.
- Usage: To be used 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 space/slot arrangements for the FY 2017-18.
CBDT Notification: 29.03.05
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