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It Is A Tax Payable by The Shipping Companies To The Income Tax Department, in Consultation With The DG Shipping

Tonnage tax is a tax paid by shipping companies to the income tax department in India. It is calculated based on the net tonnage of ships operated by the company. Companies must provide training to one trainee officer per every ten crew members on board, based on minimum safe manning requirements. If companies cannot meet the training requirements due to their vessel types or trading patterns, they must pay a fee to the government training trust instead. Recent amendments to tonnage tax regulations aim to address issues like shortage of officers and improve the Indian shipping industry.

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52 views2 pages

It Is A Tax Payable by The Shipping Companies To The Income Tax Department, in Consultation With The DG Shipping

Tonnage tax is a tax paid by shipping companies to the income tax department in India. It is calculated based on the net tonnage of ships operated by the company. Companies must provide training to one trainee officer per every ten crew members on board, based on minimum safe manning requirements. If companies cannot meet the training requirements due to their vessel types or trading patterns, they must pay a fee to the government training trust instead. Recent amendments to tonnage tax regulations aim to address issues like shortage of officers and improve the Indian shipping industry.

Uploaded by

Thomas Jose
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOC, PDF, TXT or read online on Scribd
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1. CO2 has been released, what action you will take, answer only in one sentence.

Ans wait for at least 6- 8hrs before making entry to the engine room.
2. what is tonnage tax and How will u calculate tonnage tax technically?
Ans; Govt. of India has introduced tonnage tax in the Finance Bill, 2004 it is a tax payable by
the shipping companies to the income tax department, in consultation with the DG shipping.
According to the guidelines, each qualifying ship will have to provide training to one trainee officer
for a complement of 10, based on Safe Manning Document
This amount so collected from trainee officers is payable back to such trainees by MTT, in case
they work for such tonnage tax companies for a period of 3 years. This provision has been
contemplated to mitigate the problem of shortage of officers availability to Indian flag vessels

In case of ship owned or chartered-in by the tonnage tax company, (other than space or slot charters), the
number of man-days shall be equivalent to the number of days for which such ships are operated by the
tonnage tax company during the financial year multiplied by the number of trainee-officers required on
such ships based on one (1) trainee officer for every ten (10) complement as per the Minimum Safe
Manning Document or pro rata thereof.

In case of space charters or slot charters, the number of man-days to be calculated by dividing the Net
Tonnage of slot / space charters of the tonnage tax company by the Net Tonnage Factor and multiplying the
result by number of days for which such ships are operated by the tonnage tax company during the
financial year and shall include any shortfall of the immediately preceding financial year brought forward
in accordance

The Net tonnage factor for the financial year 2006-07 (AY 2007-08) has been worked out as 11401. This
may be used in conjunction with net tonnage of slot/space charters calculated under the notification issued
in the official gazette to work out the minimum training requirement for such arrangements for the FY
2006-07.

Explanation For the purpose of these Guidelines, any shortfall in meeting the
minimum training requirements brought forward from any preceding financial
years shall not be considered for calculating twenty five percent of the
minimum training requirement.

16) In the event that the tonnage tax company is not in a position to meet any
training requirement by virtue of the type of vessels it owns or its trading
pattern, such tonnage tax company shall pay ten (10) times such training fees
that the Trust would have received from trainee officers, if they had been
accepted for training, in addition to the administrative cost to the Trust in lieu of
their obligation hereunder. The Directorate General of Shipping shall on the
merit of each case grant exemption to the Tonnage Tax Company on not being
able to meet the minimum training requirement and opt to pay fees as provided
hereunder, in lieu of training.

3. What is SCOPIC, how will you get it technically?


4. Occupational health
5. What is the population of India?
6. A person crew is unconscious what action will you take as chief engineer.
7. How much is the Indian registered tonnage as compared to world. What govt. of
India is doing to improve Indian tonnage?
8. as s C/e what will you do in case of grounding
9. how will you retrieve from the situation that is manage to refloat
10. what type of ships have you done
11. What is the Difference between VLCC and ULCC
12. Choose and tell one of the latest amendments, and (further cross questioning)

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