Effective basic duty on vessels and other floating structures for breaking up - 74/93 - Customs -Tariff

Effective basic duty on vessels and other floating structures for breaking up Notification No. 74/93-Cus. Dated 28-2-1993 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 Government of India in the Ministry of Finance (Department of Revenue) No. 142/87-Customs, dated the 27th March, 1987, the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts all goods falling under heading No. 89.08 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), when imported into India, from so much of that portion 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 5% ad valorem.