https://www.taxtmi.com/circulars?id=56954 Remnant fuels and oils incidental to ship breaking were historically classed separately from ships, causing litigation over treatment as part of vessels and related confiscation and penalties. A later trade policy amendment expressly freed remnant high speed diesel and light diesel oil brought on board old ships for breaking from import policy restrictions, and field formations are to finalize pending provisional assessments in accordance with that amendment. en-us Thu, 19 Apr 2018 00:00:00 +0530 Fri, 20 Apr 2018 10:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=56954 Remnant fuels and oils incidental to ship breaking were historically classed separately from ships, causing litigation over treatment as part of vessels and related confiscation and penalties. A later trade policy amendment expressly freed remnant high speed diesel and light diesel oil brought on board old ships for breaking from import policy restrictions, and field formations are to finalize pending provisional assessments in accordance with that amendment. Circulars Customs Thu, 19 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/circulars?id=56954