Exemption to ships for breaking - 142/87 - Customs -Tariff

Exemption to ships for breaking Notification 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 notifi cation of the Government of India in the Ministry of Finance (Department of Revenue) No. 163/86-Customs, dated the 1st March, 1986, the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts the 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 - (i) 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 Rs. 1,035 per Light Displacement Tonnage; and (ii) so much of the additional duty leviable thereon under section 3 of the said Customs Tariff Act, as is in excess of the amount calculated at the rate of Rs. 365 per Light Displacement Tonnage.