Regulation 2
Exemption
Subsidiary LegislationIn forceProvision 2 of 2
Regulation 2
There shall be exempt from tax the interest payable by Ocean Chain Pte. Ltd. from 30th July 2004 to 30th July 2009 (both dates inclusive) to the Bank of Tokyo-Mitsubishi and Maple Maritime S.A., under the Loan Agreement dated 30th June 2004 in respect of the vessel “Global Challenger”.