Customs tariff amendment revises prescribed levies for vessels imported for breaking under statutory power in the public interest. Amendment under sub-section (1) of section 25 of the Customs Act, 1962 alters Notification No. 142/87-Cus (27 March 1987) concerning vessels imported for breaking by substituting the monetary rates specified per Light Displacement Tonnage: item (i) is replaced by a lower stipulated rate per LDT, and item (ii) is replaced by a higher stipulated rate per LDT.
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Provisions expressly mentioned in the judgment/order text.
Customs tariff amendment revises prescribed levies for vessels imported for breaking under statutory power in the public interest.
Amendment under sub-section (1) of section 25 of the Customs Act, 1962 alters Notification No. 142/87-Cus (27 March 1987) concerning vessels imported for breaking by substituting the monetary rates specified per Light Displacement Tonnage: item (i) is replaced by a lower stipulated rate per LDT, and item (ii) is replaced by a higher stipulated rate per LDT.
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