Seeks to exempt Central Excise duty leviable on bunker fuels, namely IFO 180 CST and IFO 380 CST falling under Chapter 27 of the Central Excise Tariff for use in Indian Flag vessels for carrying export-import (EXIM) containers and empties. - 21/2014 - Central Excise - Tariff

Bunker fuel exemption for IFO 180/380 CST enables nil central excise for qualifying Indian-flag container voyages under conditions.

Provides nil Central Excise duty for IFO 180 CST and IFO 380 CST used in Indian-flag ships carrying containerised export-import cargo or empty containers between Indian ports, subject to eligibility conditions: Indian registration and flag, carriage between Indian ports (including via an intermediate foreign port), restriction on cargo documentation to IGM/EGM only, submission of a declaration with a consumption-rate certificate from a recognized classification society and voyage distance, and an undertaking to pay duty with interest if conditions are not met. The exemption is excluded on or after 11 May 2015.