Excise rate cap for ship breaking materials where corresponding customs duty and additional duty have been paid. The notification caps excise duty on goods and materials from breaking up ships, boats and other floating structures by exempting excise in excess of an amount calculated at a fixed rate per tonne, provided such goods were obtained from vessels on which specified First Schedule customs duty and the additional duty under section 3 per Light Displacement Tonnage had been paid, with different First Schedule duty conditions depending on whether import occurred on or after 1 March 1988.
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Provisions expressly mentioned in the judgment/order text.
Excise rate cap for ship breaking materials where corresponding customs duty and additional duty have been paid.
The notification caps excise duty on goods and materials from breaking up ships, boats and other floating structures by exempting excise in excess of an amount calculated at a fixed rate per tonne, provided such goods were obtained from vessels on which specified First Schedule customs duty and the additional duty under section 3 per Light Displacement Tonnage had been paid, with different First Schedule duty conditions depending on whether import occurred on or after 1 March 1988.
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