Effective rates of customs duty and IGST for goods imported into India - Foreign Going Vessel converted for a coastal run - implement recommendations made by the GST Council during its 52nd Meeting - Notification no. 50/2017-Customs as amended - 60/2023 - Customs -Tariff
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Customs exemption for converted foreign-going vessels conditions nil duty and IGST subject to six-month reconversion limitation. Amendment inserts a new entry exempting a Foreign Going Vessel converted for a coastal run from specified customs duty and IGST, subject to the proviso that the vessel must not re-convert to a foreign going vessel within six months; 'Foreign going vessel' is as defined in the Customs Act and 'Conversion to coastal Vessel' includes licencing under the Merchant Shipping Act, 1958. The Annexure lists are also revised with substitutions in List 34A and omission in List 34B.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Customs exemption for converted foreign-going vessels conditions nil duty and IGST subject to six-month reconversion limitation.
Amendment inserts a new entry exempting a Foreign Going Vessel converted for a coastal run from specified customs duty and IGST, subject to the proviso that the vessel must not re-convert to a foreign going vessel within six months; "Foreign going vessel" is as defined in the Customs Act and "Conversion to coastal Vessel" includes licencing under the Merchant Shipping Act, 1958. The Annexure lists are also revised with substitutions in List 34A and omission in List 34B.
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