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Article 3 - General definitions - Korea (Old - Effective upto 31-3-2017)Extract ARTICLE 3 - General definitions - 1. In this Convention, unless the context otherwise requires (a) the terms a Contracting State and the other Contracting State mean Korea or India as the context requires; (b) the term tax means Korean tax or Indian tax, as the context requires; (c) the term person includes an individual, a company and any other body of persons which is treated as an entity for tax purposes; (d) the term company means any body corporate or any entity which is treated as a body corporate for tax purposes; (e) the terms enterprise of a Contracting State and enterprise of the other Contracting State mean respectively an enterprise carried on by a resident of a Contracting State and an enterprise carried on by a resident of the other Contracting State; (f) the term competent authority means, in the case of Korea the Minister of Finance or his authorised representative; and in the case of India, the Central Government in the Ministry of Finance (Department of Revenue) or its authorised representative; (g) the term national means any individual possessing the nationality of a Contracting State and any legal person, partnership, association or other entity deriving its status as such from the laws in force in the Contracting State; (h) the term international traffic means any transport by a ship or aircraft operated by an enterprise of a Contracting State, except when the ship or aircraft is operated solely between places in the other Contracting State. 2. As regards the application of this Convention by either Contracting State, any term not otherwise defined shall, unless the context otherwise requires, have the meaning which it has under the laws of that Contracting State relating to the taxes which are the subject of this Convention.
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