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of <h1>Finance Bill 2012: Section 125 Specifies Exemption Period for Foreign-Going Vessels from March 2011 to March 2012.</h1> The Second Schedule of the Finance Bill, 2012, as referenced in section 125, specifies the period of effect for certain provisions related to foreign-going vessels. The exemption applies from 1st March 2011 to 16th March 2012. The term 'foreign-going vessels' is defined according to clause (21) of section 2 of the Customs Act.
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