Independent journal on economy and transport policy
19:19 GMT+2
Budget provides fiscal incentive for acquisition of ships
(Exim India)
March 2, 2000
Exim News Service
New Delhi, March 1
The Union Finance Minister, Mr Yashwant Sinha, has, in his 2000-01 Budget proposals, exempted tax on shipping companies' profits that are appropriated into a special reserve, earmarked for the acquisition of new vessels.
This means shipping companies can reserve part of their profit (up to twice the paid-up capital) in ...... Read more on Exim India
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