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<h1>India exempts Basic Customs Duty on ships for breaking up until March 2025 under Notification No. 13/2023-Customs.</h1> The Central Government of India has issued Notification No. 13/2023-Customs, amending Notification No. 50/2017-Customs to exempt Basic Customs Duty (BCD) on ships and vessels intended for breaking up. This amendment, effective from February 24, 2023, introduces a new entry, numbered 555A, which specifies that all goods under tariff item 8908 00 00 will be exempt from BCD until March 31, 2025. The notification is issued under the authority of the Customs Act, 1962, and the Customs Tariff Act, 1975, to serve the public interest.