Excise exemption for ship-breaking materials limits excise to a capped effective rate where specified customs duties were paid. The exemption caps excise liability on goods and materials from ship-breaking by relieving the portion of duty in excess of a specified effective rate per tonne, conditional on those goods having been obtained from breaking up imported ships, boats or floating structures and on payment of specified customs and additional duties computed on Light Displacement Tonnage.
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 materials limits excise to a capped effective rate where specified customs duties were paid.
The exemption caps excise liability on goods and materials from ship-breaking by relieving the portion of duty in excess of a specified effective rate per tonne, conditional on those goods having been obtained from breaking up imported ships, boats or floating structures and on payment of specified customs and additional duties computed on Light Displacement Tonnage.
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