धारा 115VZA · Effect of temporarily ceasing to operate qualifying ships

(1) A temporary cessation (as against permanent cessation) of operating any qualifying ship by a company shall not be considered as a cessation of operating of such qualifying ship and the company shall be deemed to be operating such qualifying ship for the purposes of this Chapter.

(2) Where a qualifying company continues to operate a ship, [or inland vessel, as the case may be,] which temporarily ceases to be a qualifying ship, such ship [or inland vessel, as the case may be,] shall not be considered as a qualifying ship for the purposes of this Chapter.