Customs duty exemption for ship-breaking imports caps duty liability per light displacement tonnage measurement. Notification No. 142/87 (27-3-1987) exempts goods under heading 89.08 imported for ship-breaking by capping customs liabilities per Light Displacement Tonnage: basic customs duty is exempt to the extent it exceeds an amount computed per LDT, and additional duty under section 3 is exempt to the extent it exceeds a separate amount computed per LDT; the notification supersedes earlier Notification No. 163/86-Customs.
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Provisions expressly mentioned in the judgment/order text.
Customs duty exemption for ship-breaking imports caps duty liability per light displacement tonnage measurement.
Notification No. 142/87 (27-3-1987) exempts goods under heading 89.08 imported for ship-breaking by capping customs liabilities per Light Displacement Tonnage: basic customs duty is exempt to the extent it exceeds an amount computed per LDT, and additional duty under section 3 is exempt to the extent it exceeds a separate amount computed per LDT; the notification supersedes earlier Notification No. 163/86-Customs.
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