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 FZ, LLC, UAE [2010-TII-27-ARA-INTL] held that the hire charges paid by the applicant to Vessel Providing Companies (VPC) under global usage bareboat charter agreements shall be liable to tax i...