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ARTICLE 31

Termination

This Convention shall remain in force until terminated by a Contracting State. Either Contracting State may terminate the Convention, through diplomatic channels, by giving notice of termination at least six months before the end of any calendar year after the fifth year from the date of entry into force of the Convention. In such event the Convention shall cease to have effect:

  • (1) in Serbia and Montenegro:
    • (i) in respect of the taxes on income derived and the taxes on capital owned in each fiscal year beginning on or after 1 January in the calendar year next following the year in which the notice of termination is given;
  • (2) in India:
    • (i) in respect of the taxes on income derived and the taxes on capital owned each fiscal year beginning on or after 1 April in the calendar year next following the year in which the notice of termination is given.

IN WITNESS WHEREOF, the undersigned, being duly authorised thereto, have signed this Convention.

DONE in duplicate at New Delhi, this eighth day of February 2006, in the English, Hindi and Serbian languages, all three texts being equally authentic. In case of any divergence of interpretation, the English text shall prevail.

FOR THE GOVERNMENT OF THE REPUBLIC OF INDIA:

P. CHIDAMBARAM

FINANCE MINISTER

FOR THE COUNCIL OF MINISTERS OF SERBIA AND MONTENEGRO:

PREDRAG IVANOVIC

MINISTER FOR INTERNATIONAL ECONOMIC RELATIONS