Excise exemption for shipbreaking materials removes excise duty on goods recovered from breaking up vessels in the tariff schedule. The notification exempts all goods and materials falling under the Schedule to the Central Excise Tariff Act obtained by the breaking up of ships, boats and other floating structures from the whole of the excise duty leviable on them, exercising the power under sub section (1) of section 5A of the Central Excises and Salt Act on grounds of public interest.
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Provisions expressly mentioned in the judgment/order text.
Excise exemption for shipbreaking materials removes excise duty on goods recovered from breaking up vessels in the tariff schedule.
The notification exempts all goods and materials falling under the Schedule to the Central Excise Tariff Act obtained by the breaking up of ships, boats and other floating structures from the whole of the excise duty leviable on them, exercising the power under sub section (1) of section 5A of the Central Excises and Salt Act on grounds of public interest.
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