https://www.taxtmi.com/circulars?id=6056 Customs duty on ships-for-breaking is divided into a basic customs duty per Light Displacement Tonnage and a separate additional duty, with auxiliary duty nil. Excise duty is imposed on ship-breaking scrap derived from ships that have paid the restructured customs duties, while scrap made from ships that paid the earlier higher basic duty is exempted to prevent double taxation; such scrap is also specified as an input qualifying downstream products for excise exemption. en-us Tue, 31 Mar 1987 00:00:00 +0530 Mon, 29 Jun 2009 17:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=6056 Customs duty on ships-for-breaking is divided into a basic customs duty per Light Displacement Tonnage and a separate additional duty, with auxiliary duty nil. Excise duty is imposed on ship-breaking scrap derived from ships that have paid the restructured customs duties, while scrap made from ships that paid the earlier higher basic duty is exempted to prevent double taxation; such scrap is also specified as an input qualifying downstream products for excise exemption. Circulars Customs Tue, 31 Mar 1987 00:00:00 +0530 https://www.taxtmi.com/circulars?id=6056