Excise exemption for ship breaking limits excise liability where customs duties on imported vessels have been paid. Exemption limits excise liability on materials recovered from shipbreaking by exempting excise in excess of an amount calculated at a prescribed rate per tonne; it applies only to materials obtained from breaking up of imported ships, boats and floating structures where customs duty and additional duty on those vessels have been paid at the prescribed rates per Light Displacement Tonnage and imports meet the announced commencement condition.
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.
Excise exemption for ship breaking limits excise liability where customs duties on imported vessels have been paid.
Exemption limits excise liability on materials recovered from shipbreaking by exempting excise in excess of an amount calculated at a prescribed rate per tonne; it applies only to materials obtained from breaking up of imported ships, boats and floating structures where customs duty and additional duty on those vessels have been paid at the prescribed rates per Light Displacement Tonnage and imports meet the announced commencement condition.
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