TMI BlogAgreement for avoidance of double taxation between the Govt. of the Czechoslovak Socialist Republic and the Govt. of the Republic of India on co-operation in shippingX X X X Extracts X X X X X X X X Extracts X X X X ..... taxation in respect of taxes on income derived from the freight earnings of Czechoslovak vessels on the basis of reciprocity; Now, therefore, in exercise of the powers conferred by section 90 of the Income-tax Act, 1961 (43 of 1961), and section 24A of the Companies (Profits) Surtax Act, 1964 (7 of 1964), the Central Government hereby directs that the provisions of the said article of the said Agreement shall be given effect to in the Union of India. ANNEXURE Agreement between the Government of the Czechoslovak Socialist Republic and the Government of the Republic of India on co-operation in shipping The Government of the Czechoslovak Socialist Republic and the Government of the Republic of India; Desirous of developing and str ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of either Party, in accordance with its laws. 2. This term would exclude warships and fishing vessels of both the Parties. 3. The term " member of the crew " of a merchant vessel shall mean any person actually employed for duties on board during voyage in the service of a vessel included in the crew list. 4. Ports nominated by Czechoslovakia according to Article 2 are ports nominated by the concerned Czechoslovak organisations. Article 4 1. The Contracting Parties agreed to take due note of the geographical position of the Czechoslovak Socialist Republic and the capacity of the Czechoslovak fleet, as well as the necessity resulting therefrom to utilize the transport of goods by vessels of third countries, especially those via w ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... er party. Article 7 Each Party may establish a representation for its shipping companies in the territory of the other party in accordance with the laws of that country. Article 8 1. Vessels of either country with or without cargoes therein, will, while entering, staying in or leaving the ports of the other country, enjoy the most favoured facilities granted by their laws, rules and regulations to ships under third countries flags. This principle shall not, however, apply to ships engaged in coastal navigations. 2. The parties shall endeavour to take effective measures aiming at conveyance of assistance to vessels in their ports concerning particularly delivery of bunkers, spare parts, catering, etc., repairs and docking, simp ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... , nomination of loading and discharging ports, freight rates, and other details relating to shipping services. Article 15 The present agreement will come into force on the date of the exchange of notes confirming that it has been approved in accordance with the constitutional requirements of both Parties and will remain valid for a period of five years. After the expiry of this period the agreement will be automatically renewed always for one year unless notified to the country by one of the Parties by giving notice six months prior to the expiry of the period of validity. Done and signed in New Delhi on the 3rd day of November one thousand nine hundred and seventy-eight in two original copies in English both texts being equally aut ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lity both in respect of lifting and freight earnings as far as practicable and subject to the service usual in this trade being rendered. B. National Bulk Cargo 1. In the carriage of all national bulk cargo the national flag vessels of the two countries will have the right to participate on the basis of equality subject to competitive freight rates and conditions. 2. The co-ordinating bodies in the case of bulk cargo on behalf of the Parties will be; Cechofracht, Praha, on Czechoslovak side and Transchart, New Delhi, and the Shipping Corporation of India, Bombay, on Indian side. C. Within six months of the conclusion of this Agreement the competent organisations specified under this agreement will conclude the necessary commercial a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... national general cargo on the basis of equality both in respect of lifting and freight earnings as far as practicable and subject to the service usual in this trade being rendered. B. National Bulk Cargo 1. In the carriage of all national bulk cargo the national flag vessels of the two countries will have the right to participate on the basis of equality subject to competitive freight rates and conditions. 2. The co-ordinating bodies in the case of bulk cargo on behalf of the Parties will be: Cechofracht, Praha, on Czechoslovak side and Transchart, New Delhi, and the Shipping Corporation of India, Bombay, on Indian side. C. Within six months of the conclusion of this Agreement the competent organisations specified under this agreem ..... X X X X Extracts X X X X X X X X Extracts X X X X
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