Limit for charter in of tonnage - Section 115VV

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..... ring any previous year shall be chartered in. The proportion of net tonnage in respect of a previous year shall be calculated based on the average of net tonnage during that previous year in such manner as may be prescribed in consultation with the Director-General of Shipping. As per Rule 11S , the average of net tonnage shall be computed by dividing total number of chartered-in-ton days by .....

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