Shipwreck Goods in India: Duty-Free if Not for Home Use; Import-Intended Parts Are Taxable.

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....Levy of duty - goods recovered from a ship that was wrecked off the shores of India - There is no duty liability on goods that are not sought to be cleared for home consumption. Wrecks are not imported but any wreck or part thereof sought to be imported are. To that extent, remission on the wreck that remains has no consequence.....