ARTICLE 31
Termination
This Agreement shall remain in force indefinitely until terminated by a Contracting State. Either Contracting State may terminate the Agreement, through diplomatic channels, by giving notice of termination at least six months before the end of any calendar year beginning after the expiration of five years from the date of entry into force of the Agreement. In such event, the Agreement shall cease to have effect:
- (a) in India:
- (i) with respect to taxes withheld at source, for amounts paid or credited on or after 1 April of the calendar year next following that in which the notice of termination is given; and
- (ii) with respect to taxes on income for any fiscal year beginning on or after 1 April of the calendar year next following that in which the notice of termination is given; and
- (iii) in respect of income derived in any fiscal year beginning on or after 1 April next following the calendar year in which the notice of termination is given; and
- (b) in Mexico:
- (i) in respect of taxes withheld at source, to income paid or credited on or after 1 January in the calendar year next following that in which the notice of termination is given; and
- (ii) in respect of other taxes, for taxable year beginning on or after 1 January in the calendar year next following that in which the notice of termination is given.
IN WITNESS WHEREOF, the undersigned, duly authorized thereto, have signed this Agreement.
DONE in duplicate at New Delhi, this tenth day of September 2007, each in the Hindi, Spanish and English languages, all texts being equally authentic. In case of divergence of interpretation, the English text shall prevail.
FOR THE GOVERNMENT OF THE UNITED MEXICAN STATES:
PATRICIA ESPINOSA CANTELLANO
SECRETARY OF FOREIGN RELATIONS
FOR THE GOVERNMENT OF THE REPUBLIC OF INDIA:
PALANIAPPAN CHIDAMBARAM
FINANCE MINISTER