This Convention shall remain in force indefinitely but either of the Contracting States may, on or before the thirtieth day of June, in any calendar year beginning after the expiration of a period of five years from the date of its entry into force, give the other Contracting State through diplomatic channels, written notice of termination and, in such event, this Convention shall cease to have effect:
- (a) in India, in respect of income arising in any previous year beginning on or after the 1st day of April, next following the calendar year in which the notice is given;
- (b) in Philippines, in respect of income arising in any year of income beginning on or after the 1st day of January, next following the calendar year in which the notice of termination is given.
IN WITNESS WHEREOF, the undersigned, being duty authorised thereto, have signed the present Convention.
DONE in duplicate at Manila this twelfth day of February, one thousand nine hundred and ninety-six in Hindi and English languages, both the texts being equally authentic. In case of divergence in interpretation, the English text shall prevail.
FOR THE GOVERNMENT OF THE REPUBLIC OF THE PHILIPPINES:
SECRETARY OF FINANCE
FOR THE GOVERNMENT OF THE REPUBLIC OF INDIA:
AMBASSADOR OF INDIA