L.D.T. in respect of ships for breaking - 163/86 - Customs -Tariff

L.D.T. in respect of ships for breaking Notification No. 163/86-Cus. Dated 1-3-1986 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 exempts the goods falling under Heading No. 89.08 of the First Schedule to the Customs Tariff Act, 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. 1,400 per Light Displacement Tonnage; and (ii) the whole of the additional duty leviable thereon under section 3 of the said Customs Tariff Act 1975.