1998 (12) TMI 161

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....been built in 1967. The original Light Displacement Tonnage of the ship was 13,759.34 MTs. as recorded in the Stability Book. M/s. Metcalfe and Hodkingson (P) Ltd. surveyed the ship at the time of its import in July 1987 and estimated a loss of 30% on account of corrosion and depreciation, and suggested 70% of the weight shown in the Registration Book as Light Displacement Tonnage to be taken as t....

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....e weight recorded in the LDT less 20% should be accepted as LDT on the date of clearance. Adopting this formula, the weight whould be 11007 MTs. These are the findings of the Tribunal. 3. The relevant Tariff Entry, at the material time, was Entry 89.08 which dealt with vessels and other floating structures for breaking up. The duty was 40% plus Rs. 1400/- per Light Displacement Tonnage. Th....

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....es under the heading "Transportation" in the Encyclopedia Britanica explaining Light Displacement Tonnage. We fail to see how these throw any light on the present case. 5. Entry 89.08 has been subsequently amended w.e.f. 29-2-1988. As a result, Note 2 hase been introduced in Chapter 89. Note 2 reads as under : "2. In Heading No. 89.08 "Light Displacement Tonnage (LDT)" means LDT in metric to....