Excise exemption for ship-broken iron and steel granted subject to customs duty payment conditions and import-duty compliance. Exemption relieves goods under headings 72.15 and 73.09 of excise duty where obtained from breaking of ships, boats or other floating structures, provided they derived from vessels on which customs duty under the First Schedule to the Customs Tariff Act, 1975, has been paid at the specified rate per Light Displacement Tonnage, or were imported on or before the specified cut off date with appropriate additional duty under section 3 paid.
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Provisions expressly mentioned in the judgment/order text.
Excise exemption for ship-broken iron and steel granted subject to customs duty payment conditions and import-duty compliance.
Exemption relieves goods under headings 72.15 and 73.09 of excise duty where obtained from breaking of ships, boats or other floating structures, provided they derived from vessels on which customs duty under the First Schedule to the Customs Tariff Act, 1975, has been paid at the specified rate per Light Displacement Tonnage, or were imported on or before the specified cut off date with appropriate additional duty under section 3 paid.
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