Qualifying ship - Definition / Legal Terminology - Income Tax

As per section 115VD of Chapter: XII-G (Special Provisions relating to income of shipping companies) of the Income tax Act, 1961 - ''Qualifying ship'' For the purposes of this Chapter, a ship is a qualifying ship if- (a) it is a sea going ship or vessel of fifteen net tonnage or more; (b) it is a ship registered under the Merchant Shipping Act, 1958, or a ship registered outside India in respect of which a licence has been issued by the Director-General of Shipping under section 406 or section 407 of the Merchant Shipping Act, 1958; and (c) a valid certificate in respect of such ship indicating its net tonnage is in force, but does not include- (i) a sea going ship or vessel if the main purpose for which it is used is the provision of goods or services of a kind normally provided on land; (ii) fishing vessels; (iii) factory ships; (iv) pleasure crafts; (v) harbour and river ferries; (vi) offshore installations; (vii) [ *** ] (viii) a qualifying ship which is used as a fishing vessel for a period of more than thirty days during a previous year.