Seeks to exempt customs duty leviable on bunker fuels, namely IFO 180 CST and IFO 380 CST falling under Chapter 27 of the Customs Tariff for use in Indian Flag vessels for carrying export-import (EXIM) containers and empties.

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.... SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 31/2014-Customs New Delhi, the 11th November, 2014 G.S. R. 792 (E).--In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act,1962 (52 of 1962), the Central Government being satisfied that it is necessary in the public interest so to do, hereby makes th....

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....e said Table on or after the 11th day of May 2015; " ; (c) in the ANNEXURE, after condition number 100 and the entries relating thereto, the following shall be inserted, namely:- "101 If,- (i) the bunker fuels are imported for use in ships or vessels which are registered under the Merchant Shipping Act, 1958 (44 of 1958) and fly the Indian flag only; (ii) such ships or vessels carry cargo bet....

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....s a member of International Association of Classification Societies (IACS) and the distance proposed to be covered by the vessel during its voyage; (vi) the Master of the vessel or his authorised agent and the importer submit an undertaking to the Assistant Commissioner of Customs or Deputy Commissioner of Customs, as the case may be, to pay, in the event of his failure to comply with any of the ....