Customs exemption for ship breaking imports limits duty by using light displacement tonnage and removes additional duty. The Central Government exempts imports classified under Heading 89.08 for ship breaking from the portion of basic customs duty exceeding an amount calculable at a specified rate per Light Displacement Tonnage and entirely exempts them from the additional duty otherwise leviable under the Customs Tariff, thereby reducing duty exposure on such imports.
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Provisions expressly mentioned in the judgment/order text.
Customs exemption for ship breaking imports limits duty by using light displacement tonnage and removes additional duty.
The Central Government exempts imports classified under Heading 89.08 for ship breaking from the portion of basic customs duty exceeding an amount calculable at a specified rate per Light Displacement Tonnage and entirely exempts them from the additional duty otherwise leviable under the Customs Tariff, thereby reducing duty exposure on such imports.
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