Payment of hire charges on bareboat charter basis is not taxable if the agreement for hire was executed outside India and vessel was delivered / situa

Court : Authority for Advance Ruling

Citation : Seabird Exploration FZ, LLC, UAE [2010-TII-27-ARA-INTL]

Brief : Payment of hire charges on bare boat charter basis is not taxable if the agreement for hire was executed outside India and vessel was delivered/ situated outside India at the time of entering into the agreement.

Recently the Authority for Advance Ruling (AAR) in the case of Seabird Exploration F

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