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Agreement between the Govt. of India and the Union of Soviet Socialist Republics for the avoidance of double taxation of income from the carriage of cargo

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..... oidance of double taxation in respect of taxes on income derived from the carriage of cargo; Now, therefore, in exercise of the powers conferred by section 90 of the Income-tax Act, 1961 (43 of 1961), and section 24A of the Companies (Profits) Surtax Act, 1964 (7 of 1964), the Central Government hereby directs that the provisions of the said agreement shall be given effect to in the Union of India. ANNEXURE AGREEMENT BETWEEN THE GOVERNMENT OF INDIA AND THE UNION OF SOVIET SOCIALIST REPUBLICS MODIFYING THE AGREEMENT ON MERCHANT SHIPPING. New Delhi , April 12, 1983 . Excellency, " The delegation of the Government of the Union Republic of India and the Government of the Union of Soviet Socialist Republic .....

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..... eign exchange for cargoes carried from and to the non-rupee payment countries. In case circumstances change, the parties may by mutual consent review this agreement. Kindly confirm that the above correctly sets out the agreement reached between us in this regard. Assuring you of my highest consideration. Yours sincerely, ( Sd. ) Mohinder Singh. H. E. Mr. V.M. Nicolaichuk, Deputy Minister, Soviet Ministry of .....

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..... overed by the Indo-Soviet Shipping Agreement of 1976. It was further agreed: (1) the cargoes handled by the " Interlighter " from and to India will be subject to the existing bilateral shipping agreements between the countries of origin and destination wherever they exist between India and the co-owners of the " Interlighter " and, in the absence of such agreements, the cargoes will not attract any special concessions; (2) (a) disbursements and port dues shall be paid in Indian rupees to the extent the ship is carrying cargo from and to the non-rupee payment countries; (b) disbursements and port dues shall be paid in free foreign exchange for cargoes carried from and to the non-rupee payment countries. In case circumstances change, .....

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..... , in case the circumstances change, the parties may by mutual consent review this arrangement. Kindly confirm that the above correctly sets out the agreement reached between us in this regard. Assuring you of my highest consideration. Yours sincerely, ( Sd. ) Mohinder Singh. H. E. Mr. V. M. Nicholaichuk, Deputy Minister, Soviet Ministry of Merchant Marine, Government of the U.S.S.R. .....

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