Delhi - By establishing tax parity between domestic-flagged ships and those registered overseas, the shipping ministry has aimed to lower tariffs and taxes on domestic-flagged ships. According to officials, a proposal for tax parity will be sent shortly once the matter is addressed with the finance ministry. According to a top official, a committee is evaluating the taxation issues raised by the Indian shippers and ship owners.

India’s shipping fleet comprises 1,552 domestic-flagged vessels, including Indian controlled tonnage, with a total of 13.65 million gross tonnage. Sector watchers said while these ships . . .