Search this Act

Jump directly to a section by number or title.

Complied AI Back to law library Reading nowIncome-tax Rules, 19620 chapters · 444 rules

Divisions22

Reading nowIncome-tax Rules Act contents

Law library Updates

Search this Act

Jump directly to a section by number or title.

Rule 11Q: Computation of deemed tonnage · Complied AI

Part 2
Rule 11Q

Rule 11QPart 2

Computation of deemed tonnage

(1)

For the purpose of the Explanation to sub-section (4) of section 115VG, deemed tonnage in respect of an arrangement of purchase of slots and slot charter shall be computed (illustrative formula given in Note 3 appearing after the corresponding Form No. 66) on the following basis : 2.5 TEU = 1 Net Tonnage (1 NT) where TEU is Twenty foot Equivalent Unit (Container of this size) (2) Computation of deemed tonnage (illustrative formula given in Note 4 appearing after the corresponding Form No. 66) in respect of an arrangement of sharing of break-bulk vessel shall be made on the following basis : (i) in case where cargo is restricted by volume :

Rule 11P Rule 11Q Rule 11R