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of <h1>New Procedure for Duty-Free Bunker Fuel Supply to Indian Cargo Vessels: Compliance and Penalties Explained.</h1> The circular issued by the Central Board of Excise and Customs outlines the procedure for supplying bunker fuels, specifically IFO 180 CST and IFO 380 CST, to Indian ships or vessels carrying containerized cargo without incurring Central Excise duty. The process involves submitting undertakings by the ship's master or authorized agent and the Oil Manufacturing Companies (OMCs) to ensure compliance with the exemption conditions. The OMCs supply the fuel to eligible vessels, and the master must provide a utilization certificate quarterly. Failure to comply with the conditions may result in recovery of duty, interest, and penalties. The jurisdictional Commissioner can issue orders to resolve any procedural difficulties.
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