Excise duty exemption for shipbreaking-derived scrap where excise is capped relative to customs duty paid on import. The notification exempts goods under headings 72.30 or 73.27 from excise duty to the extent that such duty exceeds the amount calculated at a specified per tonne rate, provided the goods derive from breaking up of ships, boats or other floating structures imported on or after 20 March 1990 and customs duty and the additional duty under the Customs Tariff Act have been paid on those imports.
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 duty exemption for shipbreaking-derived scrap where excise is capped relative to customs duty paid on import.
The notification exempts goods under headings 72.30 or 73.27 from excise duty to the extent that such duty exceeds the amount calculated at a specified per tonne rate, provided the goods derive from breaking up of ships, boats or other floating structures imported on or after 20 March 1990 and customs duty and the additional duty under the Customs Tariff Act have been paid on those imports.
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