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    <description>The exemption caps excise liability on goods and materials from ship-breaking by relieving the portion of duty in excess of a specified effective rate per tonne, conditional on those goods having been obtained from breaking up imported ships, boats or floating structures and on payment of specified customs and additional duties computed on Light Displacement Tonnage.</description>
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      <description>The exemption caps excise liability on goods and materials from ship-breaking by relieving the portion of duty in excess of a specified effective rate per tonne, conditional on those goods having been obtained from breaking up imported ships, boats or floating structures and on payment of specified customs and additional duties computed on Light Displacement Tonnage.</description>
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