Exemption to ships for breaking

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....n No. 142/87-Cus. Dated 27-3-1987 In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), and in supersession of the notifi­cation of the ....

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.... of the duty of customs, leviable thereon, which is specified in the said First Schedule, as is in excess of the amount calculated at the rate of Rs. 1,035 per Light Displacement Tonnage; and (ii) ....