(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, 50[or inland vessel, as the case may be,] which temporarily ceases to be a qualifying ship, such ship 50[or inland vessel, as the case may be,] shall not be considered as a qualifying ship for the purposes of this Chapter.
Footnotes
50.Ins. by Act No. 7 of 2025, w.e.f. 1-4-2026.↩1↩2