General Definitions

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..... iction, according to the Indian law and in accordance with international law, including the United Nations Convention on the Law of the Sea of December 10, 1982; b) the term "Korea" means the Republic of Korea, and when used in a geographical sense, the territory of the Republic of Korea including its territorial sea, and any area adjacent to the territorial sea of the Republic of Kore .....

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..... urposes; f) the term "enterprise" applies to the carrying on of any business g) 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; h) the term "international traffic" .....

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..... 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 Korea: the financial year beginning on the 1st day of Janua .....

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