Article 3 - General Definitions - Georgia

ARTICLE 3 GENERAL DEFINITIONS 1. For the purposes of this Agreement unless the context otherwise requires: (a) the term India means the territory of India and includes the territorial sea and airspace above it, as well as any other maritime zone in which India has sovereign rights, other rights and jurisdiction, according to the Indian law and in accordance with international law, including the U.N. Convention on the Law of the Sea; (b) the term Georgia means the territory defined by Georgian legislation, including land territory, its subsoil and the air space above it, internal waters and territorial sea, the sea bed, its sub-soil and the air space above them, in respect of which Georgia exercises its jurisdiction and sovereignty, as well as the contiguous zone, the exclusive economic zone and continental shelf adjacent to its territorial sea, in respect of which Georgia may exercise its sovereign rights and jurisdiction in accordance with the international law. (c) the terms a Contracting State and the other Contracting State mean the Republic of India or Georgia, as the context requires; (d) the term person includes an individual, a company, a body of persons and any other entity which is treated as a taxable unit under the taxation laws in force in the respective Contracting States; (e) the term company means any body corporate or any entity which is treated as a body corporate for tax purposes; (f) the terms enterprise of a Contracting State and enterprise of the other Contracting State mean respectively an enterprise carried on by a resident of a Contracting State and an enterprise carried on by a resident of the other Contracting State; (g) the term enterprise applies to the carrying on of any business; (h) the term international traffic means any transport by a ship or aircraft operated by an enterprise of a Contracting State, except when the ship or aircraft is operated solely between places in the other Contracting State; (i) the term competent authority means: (i) in India: the Finance Minister, Government of India, or its authorized representative; (ii) in Georgia: the Ministry of Finance or its authorised representative; (j) the term national in relation to a Contracting State means: (i) any individual possessing the citizenship or nationality of that Contracting State; (ii) any legal person or partnership or association deriving its status as such from the laws in force in that Contracting State; (k) the term tax means Indian or Georgian tax, as the context requires, but shall not include any amount which is payable in respect of any default or omission in relation to the taxes to which this Agreement applies or which represents a penalty or fine imposed relating to those taxes; (l) the term fiscal year means: (i) in the case of India: the financial year beginning on the 1st day of April: (ii) in the case of Georgia, the calendar year beginning on the 1st day of January. 2. As regards the application of this Agreement at any time by a Contracting State, any term not defined therein shall, unless the context otherwise requires, have the meaning that it has at that time under the law of that State for the purposes of the taxes to which this Agreement applies, any meaning under the applicable tax laws of that State prevailing over a meaning given to the term under other laws of that State.