India is set to boost its shipbuilding industry with the announcement of a ₹25,000-crore Maritime Development Fund and development of new s...

Union Budget 2025: The Budget 2025-26 has introduced incentives for domestic shipbuilding, recycling, and inland waterways. Finance Ministe...

India's shipping tonnage was only 1.92 lakh Gross Tonnage (GT) on the eve of independence, it said and added that it increased gradually th...

Any profits or gains arising from transfer of a qualifying asset are chargeable to income-tax as capital gains.

The European Commission (EC) has announced an in-depth investigation into the Maltese tonnage tax scheme to see examine whether it is compa...

The shipping ministry on Thursday said that the ministry has asked the Finance ministry for grants of various direct and indirect tax incen...

Shipping companies will now have to pay higher tonnage tax after budget 2012-13 increased the rate of daily tonnage income from the shippin...

Government said it is making concerted efforts to raise the capacity of Indian ports to 3.2 billion tonnes in the next ten years to make th...

Amid inflationary pressures and uncertain global economic environment, Union finance minister has a plenty of issues to take into notice.

The smart rebound in India's external trade draws attention to our shipping policy.

Finance ministry advisors have called for reforms in the tax structure for services like shipping, aviation and telecom to make them compet...

The objective of imposing a tonnage tax instead of corporate tax on the Indian shipping industry may have been lost.

Finance ministry is likely to exempt shipping companies from minimum alternate tax on profits earned from sale of vessels.

Indian shipping companies have complained that a multiplicity of taxes is burdening them and negating the benefit of the tonnage tax regime...

The tax burden for the shipping industry, which is only about Rs 20 crore (calculated on the tonnage tax basis), is set to go up to Rs 2,00...

India's tonnage (size of ships) has been on a steady decline, and is currently hovering around 6.2m gross registered tonnage (GRT) as on Ja...

UNION finance ministry is believed to have turned down a proposal for levying tonnage tax on Liquefied Natural Gas imports in place of the ...