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TMI BlogAgreement on Merchant Shipping has been concluded between the Government of the Republic of India and the Government of the People's Republic of BulgariaX X X X Extracts X X X X X X X X Extracts X X X X ..... ferred by section 90 of the Income-tax Act, 1961 (43 of 1961) and section 24A of the Companies (Profits) Sur-tax Act, 1964 (7 of 1964), the Central Government hereby directs that the provisions of the said article of the said agreement shall be given effect to in the Union of India. ANNEXURE AGREEMENT ON MERCHANT SHIPPING BETWEEN THE GOVERNMENT OF THE REPUBLIC OF INDIA AND THE GOVERNMENT OF THE PEOPLE'S REPUBLIC OF BULGARIA The Government of the Republic of India and the Government of the People's Republic of Bulgaria, inspired by the desire to develop the maritime relations between the two countries, have agreed as follow: Article 1 1. The cooperation between the two countries m the field of maritime navigation shall be based on th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rty. 3. The provisions of this article do not concern the right of the vessels, sailing under the flag of third countries to participate in the sea traffic between the ports of the contracting parties. Article 5 Each party will avoid competition with the fleet of the other in its trade with third countries and desist from such activities as would prejudice the growth and utilisation of the merchant fleet of the other party. Article 6 Each party may establish a general agency for its shipping companies in the territory of the other party in accordance with the laws of that country. Article 7 1 The vessels of either party, their crews, passengers and cargoes shall be admitted to the territorial waters and the ports of the other party and shal ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... pecified above shall be permitted to land on temporary shore leave without visa during the stay of the vessel in the port of the other party, provided that the crew list has been' submitted to the concerned authorities in accordance with the laws and regulations in force in that port. 3. From the time of their landing to the time of their returning to the vessel, the said persons shall be subject to frontier and customs control and the laws and regulations for foreigners' traffic in force in that port. 4 When a member of the crew possessing an identity document and the prescribed permission disembarks in the port of the other party due to illness, official reasons or other reasons, the latter shall allow his being putting up at a ho ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... has been damaged shall not be subject to customs duties and taxes provided the same are taken, out of the country within a reasonable period or are not handed over for local consumption. Article 13 All payments and expenses relating to sea transport between the two countries shall be effected in accordance with the provisions of the payments agreement in force between the two countries from time to time Article 14 Any difficulty arising in the working of this agreement shall be settled by negotiation. Article 15 1. For the purpose of evaluating, supervising and reviewing the overall working of this agreement and resolving any outstanding issues, the contracting parties agree to set up a joint committee on shipping which will meet periodica ..... X X X X Extracts X X X X X X X X Extracts X X X X
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